Recent news
SAFETY FIRST - 2015 CONFERENCE
Our sincere greetings on behalf of the organisers to all participants at the SAFETY FIRST-2015 Conference. We would also like to thank the Mongolian Mining Journal for its cooperation with the initiators and organisers of the conference.
Turquoise Hill provides details on OT Underground Mine Development and Financing Plan
Further to today’s joint announcement by Turquoise Hill Resources, the Government of Mongolia and Rio Tinto, the Company is providing additional details in connection with the Oyu Tolgoi Underground Mine Development and Financing Plan (the Mine Plan), which provides a pathway forward in addressing outstanding shareholder matters to restart underground development.
“It will be better to get a mediator in the Rio dispute”
Recently Mongolia lost a case submitted by Khan Resources to arbitration and the Rio Tinto dispute also might be referred to arbitration. S.Bold-Erdene talks to arbiter and legal advisor T.Altangerel to find out more about what the process entails.
Price slump makes North Korea step up mining output
The sharp fall in global commodity prices is starting to have an impact on North Korea, a state that relies heavily on exports of minerals to keep its economy afloat — and its gargantuan military funded.
Coal conversion projects to worsen global warming
At about 8:30 on a chilly winter morning, a factory outside the desert city Ulin in China is already getting busy. Its five-story office building is almost fully occupied. Trucks drive in with coal and drive out with construction waste.
If TT coal sells for $120t, Mongolia will get $10 billion in tax
The third stage of negotiations between the working group established by the Government and the consortium selected as the strategic investor in the Tavan Tolgoi deposit has been postponed temporarily to allow the latter to study in detail the implications of the agreement made between Erdenes Tavan Tolgoi and China’s Chalco.
No halt to slide in Chinese coal imports in 2015
Oversupply continues to weigh on the performance of thermal and metallurgical coal exports into China, according to Wood Mackenzie senior analyst Jonathan Sultoon. The causes of oversupply stemmed from an earlier market enthusiasm for coal that peaked in 2010 and 2011.
The new industry policy is result-oriented and visionary
The past few years have convinced Mongolians that industrialisation does not come from populist announcements or grandiose project proposals on paper. They look around and find that whatever little has come up has been in the private sector.
Making news for making money from mining
True enough there will always be others to do the work. That is how we get the various Forbes lists. I confess to lacking curiosity about people who have such mind-boggling amounts of money, and also to not having the acumen or the insight to tell a millionaire’s son from a billionaire’s in the very unlikely event that I meet them socially. Why then, this piece on the super-rich?
Successful start of Expo Mongolia in 2015!
From 23rd to 25th March 80 regional and international companies and institutions presented their latest products from industries like agriculture, infrastructure, construction, energy, mining and transport at Expo Mongolia trade fair and conference.
Largest coal mine in Russia opens
A new 167-year-life coal mine has opened in Russia. The Arshanovsky open cut mine, in south eastern Siberia, has set a goal of two billion tonnes of coal extracted over its mine life, at a rate of around 10 million tonnes per annum.
More Chinese iron ore mines seen shutting in 2015
About a third of China’s iron ore mines have halted production and this could rise as high as 45 per cent by the end of the year if the price of the steelmaking raw material stays below $70 a tonne.
