Recent news
Mongolia offers more land for mining to raise cash
Mongolia is hoping to drum up more foreign investor interest in its flagging mining industry after opening up an additional 10.1 million hectares of territory for mining exploration. The country, estimated to possess $1.5 trillion worth of mineral resources like gold, copper and iron ore, started the application process for exploration licences on Jan. 26.
Drilling at Erdene Resource’s Altan Nar yields significant results
Erdene Resource Development says drilling results for the first four holes of the 15-hole Q4 2014 exploration programme at its wholly-owned Altan Nar gold-polymetallic project show significant increase in width and grade at the northern edge of Discovery Zone South (DZS).
The iniquities of inequality
One reason why the Right – do mark the capital R, for this significant and substantial section of the world’s population is often enough not right – was so upset by Thomas Piketty’s book last year is that it showed so cogently that inequality is not inevitable, it is engineered.
Choosing fees over dividends
The Government has now started acting seriously to resolve differences over how to finance development of the second stage of the Oyu Tolgoi project, which is its underground mine.
Gazprom cuts gas purchases from Central Asia
Russia’s Gazprom plans to reduce the volume of gas purchases from Turkmenistan and Uzbekistan by nearly 10 billion cubic meters and replace these volumes with its own gas in 2015.
Newera withdraws from Ulaan Tolgoi Coal JV
Newera Resources has decided that following a review of recent exploration within the Ulaan Tolgoi project and armed with the knowledge that despite the identification of interpreted potentially coal bearing sub-basins and the more recent interpretation
MMJ Awards bring cheer to miners
The general air of despondency in the mining sector took a break on 23 January when the Mining Journal Awards 2014 ceremony was held.
Power Plant#5 will have two innovative features
G.Iderkhangai finds out from P.Tovuudorj, head of Strategic Policy and Planning Department at the Ministry of Energy, about major projects and reform in the legal environment of the sector.
Aspire’s Ovoot blend a premium coking coal for China
Aspire Mining has received an encouraging report confirming that a Mongolian Blend with between 25% to 50% Ovoot coal is a premium coking coal using Chinese coal classifications, and is similar to or even better than primary coking coals imported from Australia, the U.S., and Canada due to its medium ash, low sulphur and high G value.
Viking sees drilling results at Berkh Uul as positive
Australia-listed Viking Mines has termed results from the recently completed drilling programme at its 100%-owned Berkh Uul coal project ‘positive’, indicating that “the quality of the coal is comparable to or better than the historical drilling data, notwithstanding differences in the analytical methods and techniques performed”.
