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Aspire hopes to benefit in Mongolia’s pacts with Russia, China Aspire Mining feels its Ovoot Coking Coal Project received a boost after being recognised as a key user of a new rail transit corridor to Russia.

Genie Energy signs new prospecting agreement for oil shale exploration Genie Oil Shale Mongolia (GOSM), a subsidiary of Genie Energy, has signed a prospecting agreement with the Petroleum Authority of Mongolia (PAM).

Erdenet Mining plans rehabilitation Erdenet Mining Corp. is 36 years old and its management has started planning for the day the mine’s reserves are exhausted.

Despite low prices, SouthGobi Resources narrows Q2 loss on higher sales SouthGobi Resources has narrowed its net loss for the second quarter, ended June 30, propped up by higher coal sales, which was offset by significantly lower coal prices.

ALS opens coal analytical laboratory at Tavan Tolgoi Mine Mongolia ALS one of the world’s largest and most diversified testing servicesproviders has announced the opening of the new coal analytical laboratory at Tavan Tolgoi mine in South Gobi, Mongolia.

Oyu Tolgoi draws from inventory as sales exceed production Sales of copper concentrates from Oyu Tolgoi exceeded production in April, leading to a drawdown in warehouse inventories held on the China-Mongolia border. Oyu Tolgoi concentrates sales during the month totalled 68,000 dry metric tonnes, up from just 48,000 dmt in the whole of the first quarter.

Erdene hits highest gold grades to date, exploration continues Erdene Resource Development Corp recently released the results of their second-quarter exploration programme at its Altan Nar gold-polymetallic project. Findings from surface exploration and drilling have supported the sustained development of the mineralisation project.

Newera begins coal magnetic survey at Ulaan Tolgoi The recently started ground magnetic survey covering the northern sector of Newera Resources’ Ulaan Tolgoi project in the South Gobi basin is expected to be completed within two weeks.

Shenhua concedes environmental demands in Ordos project The Shenhua Group is to stop extracting groundwater for their flagship coal to liquid project in Inner Mongolia’s Ordos, an area struggling with severe water shortages affecting farmers and herders.

9 companies win Oyu Tolgoi Gobi Gem awards Nine companies were named as Oyu Tolgoi’s best Mongolian suppliers in 2013 at the fifth ‘Gobi Gem - Supplier Recognition Awards’ ceremony in Ulaanbaatar last month.

Corruption investigators issue notice on SouthGobi SouthGobi Resources has received a notice from the Mongolian authorities that might lead to criminal actions against three of its former employees and SouthGobi could be held liable as “civil defendant”.

Newera Resources to begin drilling at Ulaan Tolgoi Newera Resources is poised to start 2,000 metres of diamond drilling to test for potential coal deposits underlying five seismic lines that have produced positive results at its Ulaan Tolgoi coking coal project. In the first of two phases, it plans to drill two diamond holes of about 300 metres each into the best prospects identified as a precursor to the 1,400-metre second phase.

Erdene “extremely pleased” with Altan Nar assay results In a statement accompanying the release by Erdene Resource Development Corp. of the final assay results for its Q4 2013 trenching programme at the Altan Nar gold-polymetallic project, the company’s President and CEO, Peter Akerley, has said, “We are extremely pleased with the results.

EBRD loan to help Sharyn Gol produce clean fuel briquettes The European Bank for Reconstruction and Development (EBRD) is lending $10 million to Sharyn Gol JSC for the acquisition and installation of a de-stoning plant and the upgrade and expansion of a coal enrichment and briquetting plant.

EOT: Continuation of the underground expansion operation is dependent on the completion of the Feasibility Study Further to our press release dated 18th November, 2013 and Turquoise Hill Resources (TRQ) press release dated 12th February 2014, Erdenes Oyu Tolgoi LLC (EOT), 34% shareholder of the Oyu Tolgoi LLC (OT), wishes to clarify its current status in resolving outstanding issues.

Khan Resources not alone in opting for arbitration Toronto-based Khan Resources is gambling that an international arbitration case in Paris will allow it to regain control of a uranium project that, it claims, was illegally expropriated by the Mongolian government, leaving it with nothing but angry investors.

Team absolves Areva of damaging environment, animals Uranium miner Areva SA has been cleared of causing any damage to the environment and being responsible for cattle deaths.

Mongolia says Mongolian laws have been breached The Government of Mongolia and Rio Tinto have been in long discussion over a series of issues regarding the OT project. It was not an authentic intention of the Government of Mongolia to disrupt the concentrate export but instead there is a mutual aim to start the export as soon as all procedures are in line with Mongolian legislative framework.

CEO Sam Walsh announces Rio Tinto will cut costs Rio Tinto CEO Sam Walsh announced that the company will seek to cut costs as demand for industrial commodities has dropped. The announcement comes as growth in China has slowed more than expected, declining to 7.7% from 7.9% the previous quarter.

Power problem could delay OT progress OyuTolgoi looms as one of Rio Tinto’s most exciting growth projects on the back of the company’s recent takeover of the project’s majority owner Ivanhoe Mines, but difficulties in delivering power to the mine’s remote location are continuing to fester, with Ivanhoe confirming that a deal to import power from China had still not been reached.