Ulaanbaatar /MONTSAME/ The seventh annual “Mongolia Mining" international mining and oil exhibition will be taking place on April 5-7.
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.
Ulaanbaatar /MONTSAME/ The Oyu Tolgoi LLC has reported that it released the latest edition of its Performance Scorecard on Thursday.
Ulaanbaatar /MONTSAME/ Oyu Tolgoi today (April 20) announced an update on its production for the first quarter of 2016. Andrew Woodley, Chief Executive Officer of Oyu Tolgoi, said, “Our exceptional performance over the quarter – setting new records in production, while improving our safety performance – speaks to the commitment and skill of the Oyu Tolgoi workforce. Shipping two million tonnes of concentrate, just three years after the start of production, is a reminder of how far we have come for such a young business. While significant market challenges remain, the Oyu Tolgoi team is on the way to delivering a sustainable, world class copper business. In these challenging times I am pleased with the teams focus and achievements on safely reducing costs and improving productivities. This is building a very solid foundation for the future of our business.”
Ulaanbaatar /MONTSAME/ This week, the “Engaging Stakeholders in Environmental Conservation– II” project (ESEC II), implemented by The Asia Foundation jointly with the Mongolian Ministry of Mining, launched a key foundation product of the project–the Frugal Rehabilitation Methodology (FRM), reports Asia Foundation.
Ulaanbaatar /MONTSAME/ Twenty one Khanbogd residents celebrated last Thursday as they completed a unique training programme strengthening their skills as they enter the job market.
Ulaanbaatar /MONTSAME/ Xanadu Mines Ltd has yielded high grade gold assays of up to 145g/t from recent trench sampling at the Stockwork Zone II discovery at its 90% owned Oyut Ulaan copper-gold project in Omnogovi (South Gobi), Mongolia.
Ulaanbaatar /MONTSAME/ This action has been aiming to boost the mining industry, to introduce progressive techniques and technologies, and to study foreign experiences
Ulaanbaatar /MONTSAME/ Oyu Tolgoi has appointed Mr Marco Pires as Chief Development Officer--underground, a critical role as the preparatory works for the project continue to progress, the OT LLC’s website published Monday.
Ulaanbaatar /MONTSAME/ State ownership share in a strategically important Gatsuurt gold deposit was designated to be 34 percent in accordance with the parliamentary resolution No 14 of 2016. The government has been negotiating with "Centerra Gold", the mining permit holder.