Ulaanbaatar /MONTSAME/ On March 23-24, the annual ‘Mongolian Geology and Exploration’ conference, initiated by the Society of Economic Geologists is gathering geologists for the 9th time this year.
Ulaanbaatar /MONTSAME/ Oyu Tolgoi announced July the signing of a critical contract for the underground mine development, marking a significant milestone in the continuing ramp up of the construction programme. The contract to execute the Boxcut and Decline for the project has been awarded to a joint venture between Thiess Pty Ltd and Khishig Arvin, a Mongolian civil and mining services company.
Ulaanbaatar /MONTSAME/ Oyu Tolgoi announced July 19 an update on its production for the second quarter of 2016. Andrew Woodley, Chief Executive Officer of Oyu Tolgoi, said, “I am very pleased with the team’s continuing strong performance in the second quarter. Most importantly our safety performance was excellent, and rates among the best in Rio Tinto and our peers in the industry.”
Ulaanbaatar /MONTSAME/ The “Erdenes Mongol” LLC will cooperate with the General Electric (GE), an American multinational conglomerate corporation headquarted in Fairfield, Connecticut, USA.
Ulaanbaatar /MONTSAME/ Oyu Tolgoi LLC announced Wednesday that it signed a crucial contract for the underground mine development – another key step forward towards full ramp up of construction.
Ulaanbaatar /MONTSAME/ Coal& Metals Mongolia 2016 International Forum was held May 6 and 7 in Ulaanbaatar, attracting some 600 national and international representatives of investors in mining and quarrying sectors.
Ulaanbaatar /MONTSAME/ Corruption risks in mining sector have been evaluated by IRIM (Independent Research Institute of Mongolia) in line with the market demand and the recommendations from the UN Development Program, reported Ministry of Mining on Thursday.
Ulaanbaatar /MONTSAME/ The Ministry of Mining reported Thursday that it has successfully carried out seven selections to give mineral licenses in accordance with the law on minerals.
Ulaanbaatar /MONTSAME/ The Ministry of Mining presented the foreign cooperation activities accomplished this month at the Transparent Mining press briefing on May 26. The Minister R.Jigjid has received Indian ambassador Somnath Gosh to discuss about potential Indian investment in Mongolia’s coking coal sphere.
Ulaanbaatar /MONTSAME/ In the first four months of 2016, a total of 7.4 million tons of coal, 2.7 tons of gold and 404.1 thousand tons of oil were exploited, reported the Ministry of Mining on Thursday.
Ulaanbaatar /MONTSAME/ The development of the underground mine at Oyu Tolgoi has been approved, marking the beginning of the next phase in the development of this world-class resource. The decision follows approvals by Rio Tinto, the Government of Mongolia and Turquoise Hill Resources to invest USD 5.3 billion to expand the mine, and the recent granting of all necessary permits, the OT LLC website published Friday.