Ambassador wants bigger role for US companies
US Ambassador to Mongolia Piper Campbell took questions from MMJ during her recent visit to Peabody Winsway’s Ereen mine restoration project. She sees “potential for tremendous growth and expansion” of cooperation between Mongolia and its third neighbor, and wants U.S. companies to play a bigger role in it.
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Oyu Tolgoi Partners Resolve Some Differences on Expansion
Mongolia and Rio Tinto Group (RIO) made progress in resolving project financing and other disputes stalling the expansion of their $6.6 billion Oyu Tolgoi copper mine, a Mongolian board member of the venture said. |
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Mongolia Economic Growth Accelerates as State Spending Increases
Mongolia’s second-quarter economic growth accelerated from the first three months of this year as the government boosted spending on infrastructure. Gross domestic product grew 14.3 percent in the three months from April through June, compared with 7.2 percent in the first quarter, according to the National Statistics Office of Mongolia. Expansion in the first half was 11.3 percent, compared with an annual pace of 12.4 percent in 2012.
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Few Roads Leading to China Tell Tale of Mongolia Fears
Some 800 years after Genghis Khan forged its tribes into the world’s largest empire, Mongolians are awakening to lucrative and unsettling realities. A nomad rides on a horse near Ulaanbaatar. Photographer: Tomohiro Ohsumi/Bloomberg
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Minister denies Oyu Tolgoi shipment delays are Government related
An Oyu Tolgoi copper shipment was announced twice but delayed. The first announcement said that copper export was scheduled on June 14th but was delayed. The second announcement gave the target date of June 21st but was again delayed with no new date given.
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LME Woos China Traders as Shanghai Vies for Global Stake
At a time when the London Metal Exchange is the closest it has ever been to entering China, the rival Shanghai Futures Exchange is looking for a bigger share of the $20.6 trillion global market in metals futures.
While the LME already handled $14.5 trillion of trade last year, backed by a network of more than 700 warehouses in 36 locations that ensure physical delivery, Chinese regulations from 2008 mean it has no depot in the biggest metal-consuming nation.
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New securities law explained
Mongolia’s long-awaited securities law introduces several new concepts into its capital markets, such as depositary receipts, custodian banks and beneficial and nominee shareholders. These developments make possible the triple-listing of state-owned coal miner Erdenes Tavan Tolgoi in London, Hong Kong and Mongolia.
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Mongolian Export Revenue Drops 3.3% as Coal Prices Decline
Mineral-rich Mongolia’s export income dropped in the first five months of this year as a result of falling coal prices paid by China, the nation’s largest trading partner.
Mongolia’s exports fell 3.3 percent to $1.64 billion in the first five months of this year from the same period last year, the National Statistics Office said in a release on its website yesterday.
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Tony Blair strikes gold in Mongolia
The former prime minister has negotiated a contract to advise the Mongolian government just as the country strikes it rich from a vast copper and gold mine in the Gobi desert.
The Sunday Telegraph can disclose that Mr Blair spent two days in March in Ulaanbataar, Mongolia’s capital, striking the deal with the country’s president and prime minister.
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Chinese smelters await copper concentrate from Oyu Tolgoi
An accident at the Grasberg mine in Indonesia which killed 28 people is causing concern at Chinese smelters because copper supplies are decreasing.
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China may seek better quality coal
China may be planning to improve the quality of coal it is burning, but it's unlikely any changes will have much effect on the level of imports for the foreseeable future.
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2nd Mongolia Trade and Commodity Finance Conference
The 2nd Mongolia Trade and Commodity Finance Conference were organized in Chinggis Khan Hotel yesterday 14th May 2013. The conference was attended by 100 of people which were from all the sectors of the business community and specially minerals and finance. The main focus of the conference was to find ways and connect the local mineral properties holders to international financial institutions.
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MMC concerns Mongolia Rail Plan to Boost Costs for Coal Exporters
Mongolia’s decision to use broad gauge rail for a new line to China will increase costs for coal exporters, including Hong Kong-traded Mongolia Mining Corp. (975), according to a research firm.
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Coking Coal Contracts Seen Slipping to Record Low, Survey Shows
BHP Billiton Ltd. (BHP), the world’s biggest exporter of steelmaking coal, may face a drop in contract prices to a record low in the third quarter amid rising supply and weaker Asian demand.
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Mongolia Economic Growth Slows to 7.2% as Coal Exports Decline
Mongolia Economic Growth Slows to 7.2% as Coal Exports Decline
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What is mineral economics?
info@exportmongolia.mn
Prof. D.Galsandorj, Mining Consultant, Director of Mineral Development Center of Mongolia
For companies and professionals working in the minerals sector, the term “mineral economics” is the study of determining the optimal engineering process. In other words to optimize geological exploration through advanced technology and furthermore, to reduce the cost of mining, processing and manufacturing through all stages, from mining to manufacturing stages.
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Mongolia downgrade bolsters Turquoise Hill in Oyu Tolgoi talks. Shares up 12%
Tough talker
Turquoise Hill Resources (NYSE:TRQ TSE:TRQ) rose 5% in afternoon trade on Tuesday, bringing gains for the operator of the Oyu Tolgoi mine since Friday to 12.5%. |
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Gold rush in India, China as price plummets
Indias Golden Temple
Buyers in India and China are rushing to purchase gold as its price declines. |
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Randgold intends to buy up more junior miners
Randgold mine in DR Congo
African gold miner Randgold Resources (LSE: RRS; NASDAQ: GOLD) expects to bolster its exploration work on the cheap if the price of gold falls further, reports Reuters. |
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