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.

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.

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.

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

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.

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.

An accident at the Grasberg mine in Indonesia which killed 28 people is causing concern at Chinese smelters because copper supplies are decreasing. 

The 2nd Mongolia Trade and Commodity Finance Conference were organized in Chinggis Khan Hotel yesterday 14^th 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.

Mongolia Economic Growth Slows to 7.2% as Coal Exports Decline

Indias Golden Temple

Buyers in India and China are rushing to purchase gold as its price declines.

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.