• Xanadu ramps up Oyut Ulaan work

    XANADU Mines has ramped-up the second phase of exploration at its Oyut Ulaan Gold Project in the South Gobi region targeting recently discovered shallow high-grade epithermal gold veins. The accelerated program includes around 65 shallow holes for approximately 3000 metres of drilling.

  • OT decline contract awarded to Thiess

    CIMIC Group mining services provider Thiess, in joint venture with Mongolian contractor Khishig Arvin, has secured the first underground decline project at Turquoise Hill Resources’ Oyu Tolgoi (OT) Copper-Gold Project. The contract will generate total revenue of approximately $130 million, of which Thiess’ share is 80%.

  • Erdene resumes drilling in southwest

    DRILLING has resumed at Erdene Resource Development Corp’s Bayan Khundii gold and Altan Nar gold-polymetallic projects in southwest Mongolia. Erdene has been carrying out extensive studies in the past few months on the styles and controls of gold mineralisation at the projects, as well as various studies and projects related to the anticipated development of the district.

  • Marubeni wins TT power plant tender

    Japan’s Marubeni Corporation has won the Tavan Tolgoi Power Plant project tender. The plant will be built adjacent to Tavan Tolgoi, one of the world’s largest untapped coking and thermal coal deposits, in southern Mongolia.

  • Technical report filed for Ovoot Tolgoi

    SOUTHGOBI Resources has filed a technical report in respect of an updated resource estimate for its Ovoot Tolgoi coal mine in Mongolia. The report, prepared by RungePincockMinarco, supports the scientific and technical disclosures in which SouthGobi revealed updated resources of 170 million tonnes of indicated resources and 78 million tonnes of inferred resources.

  • Ulaan Ovoo remains on standby

    PROPHECY Development Corp continues to keep operations at its Ulaan Ovoo Thermal Coal Project in northern Mongolia on standby during the global coal downturn. Modest sales to local customers from existing stockpiles are continuing and Prophecy is expected to reassess its production decision during the current quarter.

  • MMC seeks to restructure bonds

    MONGOLIAN Mining Corp (MMC) is continuing discussions with bondholders to restructure its bonds on which it has reneged on a coupon payment. The Hong Kong Stock Exchange-listed company is also examining all financing options in a very difficult period for coal mining companies.

  • Centerra submits Gatsuurt summar

    CENTERRA Gold has submitted a non-technical summary (NTS) for the Gatsuurt Gold Project. The NTS was submitted in May and provides a summary of the key environmental and social risks and impacts, and the management measures that Centerra will implement.

  • New supply chain for BNU coal

    TERRACOM’S Mongolian subsidiary Terra Energy LLC has implemented a new supply chain between its Baruun Noyon Uul (BNU) coking coal mine in the South Gobi and end users in China. The chain includes a different wash plant and new haulage contractors.

  • Initial coal resource for Nuurstei

    AN initial resource report for the Nuurstei Coking Coal Project in northern Mongolia has estimated that it contains 12.85 million tonnes of coal with 4.7 million tonnes in the indicated category and the remainder in the inferred category. Nuurstei is 90% owned by the Ekhgoviin Chuluu Joint Venture (ECJV) between Aspire Mining and Noble Group.

  • Haranga focus on Selenge compliance

    DURING difficult times for the global iron ore industry Haranga Resources is focused on completion of compliance activities required by Mongolian mineral laws and regulations for its Selenge Iron Ore Project in the country’s north. The company is also considering the options available to it in regards to the project.

  • Erdenet expands processing capacity

    AN expansion of processing facilities at Erdenet Mining Corporation’s copper-molybdenum project in northern Mongolia has resulted in annual ore production increasing by six million tonnes to 32 million tonnes. The expansion was opened in May 2015 with commissioning completed by the end of the year.

  • Tian Poh on track with coal to gas study

    TIAN Poh Resources is on track to complete a pre-feasibility study for its coal to gas project and gas pipeline network project around July this year. Initial findings are positive and the company expects to be able to progress development of the project.

  • Strong Bayan Khundii gold results

    SIGNIFICANT results have been received from follow-up drilling on the high-grade discovery at Erdene Resource Development Corp’s Bayan Khundii Gold Project in southwest Mongolia. The company expects to follow up the results with more detailed drilling during the September quarter.

  • Merger boosts Kincora landholding

    AN agreement by Kincora Copper to merge its subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC has resulted in the consolidation of more than 1500sqkm of land in the South Gobi copper-gold belt of Mongolia. The Ibex entities are indirectly controlled by High Power Exploration (HPX), whose proprietary Typhoon technology will be available to support Kincora with its exploration.

  • Drilling underpins significant gold discovery

    DIAMOND drilling at Xanadu Mines’ Oyut Ulaan Copper-Gold Project in Dornogovi province of southern Mongolia has intersected significant high-grade near-surface gold mineralisation. Best results to date are 6.0 metres from surface at 21.57 grams/tonne (g/t) gold and 6.3 metres from 15 metres at 6.67 g/t.

  • Significant milestone for Mongolia

    THE notice of approval for underground development at Oyu Tolgoi is an historic milestone and a significant achievement toward realizing OT’s full value, according to Turquoise Hill Resources’ CEO Jeff Tygesen. “Oyu Tolgoi is the best copper opportunity in development today and an excellent growth project for our shareholders, Mongolia and Oyu Tolgoi’s workforce.”

  • EPCM contract for OT underground

    OYU Tolgoi LLC has signed a contract with Jacobs Engineering Group to provide EPCM services for underground development, which paves the way for construction of stage two of the Oyu Tolgoi (OT) Copper-Gold Project to begin. Jacobs will be responsible for the materials handling systems for the underground mine and associated surface and underground infrastructure.

  • Haranga secures interim finance

    Haranga Resources has signed a Binding Terms Sheet with Sanjiv Noronha for an unsecured finance facility of A$200,000. The funds will primarily be used to satisfy Mongolian exploration and mining licence commitments.

  • Xanadu to follow-up Oyut Ulaan drilling

    A broad-spaced reconnaissance diamond drilling program has been completed at Xanadu Mines’ Oyut Ulaan Copper-Gold Project in southern Mongolia. The drilling has confirmed the presence of multiple zones of high-grade mineralisation below previous surface trenching.

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