Ulaanbaatar /MONTSAME/ The seventh annual “Mongolia Mining" international mining and oil exhibition will be taking place on April 5-7.
Ulaanbaatar /MONTSAME/ Workers at Rio Tinto's Oyu Tolgoi mine in Mongolia will spend Easter weekend evaluating a damage caused by a geotechnical incident at the copper, gold and silver mine. It was published by a reporter Peter Kerr on Friday on the smh.com.au website.
Ulaanbaatar /MONTSAME/ Aspire Mining Ltd, a Mongolian metallurgical coal explorer and infrastructure company, appointed Gan-Ochir Zunduisuren the non-executive director on March 21.
Ulaanbaatar /MONTSAME/ Oyu Tolgoi announced March 21 an update on its performance for the fourth quarter and full year 2015. Oyu Tolgoi achieved an excellent safety performance for 2015 with an All Injury Frequency Rate of 0.33 per 200,000 hours worked.
Ulaanbaatar /MONTSAME/ Australia-based Aspire Mining Ltd which is actively developing projects in Mongolia with stakes in both coal mining and railroad projects in the north of the country has announced it is working with China Railways Bureau 20 Group toward a debt facility to fund pre development rail activities.
Ulaanbaatar /MONTSAME/ In the first two months of 2016, revenue from minerals’ export amounted to 460 million USD, making up the largest portion of export revenue of the country, reports the State Registration and Statistics Agency. This is indicating 20 percent decrease compared to the same period of 2015.
Ulaanbaatar /MONTSAME/ In January of 2016, two million tons of coal, 569 kilograms of gold and 110.7 thousand tons of oil were extracted in Mongolia, the Ministry of Mining reported at the “Transparent Mining” press conference last week.
Ulaanbaatar /MONTSAME/ Australia-based Xanadu Mines has revealed some spectacular rock chips from the newly discovered quartz-carbonate-sulphide veins at Oyut Ulaan copper-gold project (90% XAM), located within the Dornogovi province of southern Mongolia, reports the Proactive Investors.
Ulaanbaatar /MONTSAME/ Steering committee on the Tavantolgoi Power Plant Project selected Japan-based Marubeni Corporation as the main investor on this February 28. The project unit has recently completed a total of 5,000 pages of documents, including 15 draft investment and procurement agreements and over 20 studies.
Ulaanbaatar /MONTSAME/ Erdenes Tavantolgoi exported 4.2 million tons of coal last year, which made up 29 percent of the total coal export of Mongolia. The company extracted 3.8 million tons from the western Tsankhi mine and the rest--from eastern mine. Total revenuw reached 114 million USD.