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OT will be kept beyond politics, says PM as underground development begins Oyu Tolgoi is a national project and will be kept beyond politics, Prime Minister Ch.Saikhanbileg told journalists on May 7 at a ceremony to mark the formal inauguration of development work on its underground mine.

Erdene Resource Development moves towards its operational phase in 2016 Erdene Resource Development Corporation, listed on the Toronto stock exchange (ERD:TSX), is hoping to apply for a mining license for at least one of its two gold exploration projects in the second half of 2016.

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.

Areva subsidiary to start small-scale uranium exploration at Dornogobi Cogegobi LLC, the subsidiary of the Areva Group of France conducting exploration work in Ulaanbadrakh and Zuunbayan soums of Dornogobi aimag, plans to start exploring uranium on an experimental basis this year.

ArcelorMittal sells Siberian coal mines to Russian company ArcelorMittal, the world’s biggest steelmaker by shipments, has sold its interest in the Kuzbass coal mines in the Kemerovo region of Siberia, Russia, to Russia’s National Fuel Company (NTK).

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).

Coal haulers place demands at meeting with Erdenes Mongol, ministries Erdenes Mongol LLC hosted a meeting last month attended by Mongol Teever Union, the Ministry of Environment, Green Development and Tourism, the Ministry of Road and Transport, the Authority for Specialized Inspection, and 50 entities engaged in coal transport.

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

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”.

Sharyn Gol’s coal washing plant to be ready in Q1 Sharyn Gol JSC expects to commission a 600,000-tons-per-year coal-washing plant before the end of the first quarter of 2015.

Darkhan Metallurgy commissions iron ore wet concentrate plant State-owned Darkhan Metallurgy has commissioned a wet-concentrate plant, the largest in Mongolia, with capacity to process one million tons of iron ore per year, using wet magnetic separators.

ZMEngineering becomes Hardox Wear Part Center In 15th December 2014, ZMEngineering (ZME) LLC the Mongolian mining metal structure manufacturing and design engineering company,has started cooperation with the world-leading company in special steel, SSAB’s HardoxWearparts.

Chinese driller strikes oil at Khanbogd A Chinese company, Zon Hen Yu Tian, has struck oil at the Galba 11 exploration site at Khanbogd Soum, Umnugovi Aimag. Galba 11 is one of 22 projects where four foreign companies received an exploration licence in 1992. Incidentally, these licences are due to expire very soon.

Rio Tinto poised for $2.5-billion write-off on Oyu Tolgoi A report in The Australian suggests Rio Tinto is set to take a $2.5-billion writedown on the troubled Oyu Tolgoi project, where delays have contributed to a $2.5-billion reduction in the project’s value.

Energy Resources exports 54% of total coal export Some 64 per cent of the total coal exported in the first nine months of this year went through the Gashuunsukhait port, most of it from the Tavan Tolgoi deposit.

Xanadu to raise A$13.6m to advance Mongolia assets Xanadu Mines plans to raise A$13.6 million through a rights issue and share placement programme to advance its newly acquired Mongolian copper/gold porphyry portfolio.

Turquoise Hill cuts OT gold, copper output forecast Turquoise Hill Resources has reduced its 2014 forecasts for gold and copper production at the Oyu Tolgoi mine because of delays in mine development in the third quarter.

Guildford happy with Baruun Noyon Uul test results Guildford Coal has announced that results of the recent trial batch washing and laboratory tests at the Baruun Noyon Uul mine confirm the quality of the BNU coal.