• Xanadu confirms large porphyry centres

    THREE new large porphyry centres have been confirmed under shallow cover at Xanadu Mines’ Kharmagtai Copper-Gold Project in southern Mongolia. Recent drilling of high-potential copper-gold and gold targets has confirmed the centres.

  • Equipment to boost SouthGobi production

    SOUTHGOBI Resources has entered into a loan agreement and supplementary loan agreement with Beijing Jin Rui Tian Chen Asset Management Co Ltd to finance the purchase of mining equipment. The company says the equipment will increase production capacity at its Ovoot Tolgoi Coal Project.

  • Erdene secures adjacent property

    ERDENE Resource Development Corp has acquired a 51% interest in the Ulaan exploration licence, which is immediately west of its Bayan Khundii Gold Project. Erdene has an option to acquire up to 100% of the 178 hectare project.

  • Funding interest for coal handling plant

    ASPIRE Mining has received an expression of interest to fund a modular Coal Handling and Processing Plant (CHPP) at Nuurstei Coking Coal Project. The interest has come from ODDO BHF, a German private bank and financial services group.

  • Deeper drilling planned at Kharmagtai

    XANADU Mines plans deeper drilling at Kharmagtai Copper-Gold Project with the aim of extending high-grade tourmaline breccia mineralisation identified in recent drilling. The discovery of additional near-surface high-grade copper-gold mineralisation will add to the existing resource and move the project into economic viability.

  • Good progress with OT underground work

    TURQUOISE Hill Resources continues to make good progress with underground development at the Oyu Tolgoi Copper-Gold Project in southern Mongolia. By the end of 2016, the underground project workforce had grown to more than 2000 people with continued growth expected to peak in 2018.

  • Agreements boost Northern Rail economics

    ASPIRE Mining’s Mongolian rail subsidiary Northern Railways LLC has signed two recent agreements that are likely to enhance the economic potential of the Erdenet to Ovoot Railway, which will form part of the proposed Northern Rail Corridor in Mongolia’s north.

  • Increase in Ovoot Tolgoi resources

    AN updated estimate for SouthGobi Resources’ Ovoot Tolgoi Coal Project has resulted in an increase in resources. The deposit now has measured resources of 201.9 million tonnes, indicated resources of 100.3 million tonnes and inferred resources of 89 million tonnes.

  • TerraCom focus on BNU coal handling plant

    WITH hard coking coal from TerraCom Limited’s Baruun Noyon Uul (BNU) project flowing to China as part of a 5.5 year offtake agreement with the Kingho Group, the company is focusing on advancing plans to develop a coal handling and processing plant (CHPP) at the project.

  • Mining still major player in Mongolia

    Mining is still the leading contributor to Mongolia’s exports, according to the Ministry of Mining and Heavy Industry. In 2016 the sector was expected to account for 85% of exports, 63% of industrial products, 18% of GDP and a quarter of national revenue.

  • Two customers for Ulaan Ovoo coal

    PROPHECY Development Corp has signed two coal sales and purchase agreements to sell 16,000 tonnes of coal from its Ulaan Ovoo Coal Project in northeast Mongolia. The purchasers are Erdenet Mining Corporation for 10,000 tonnes and Selenge Energo Heat Plant for 6000 tonnes.

  • Second wind farm for Mongolia

    CLEAN Energy Asia LLC and its shareholders, Newcom LLC and SB Energy Corp, have signed financing agreements with the Japan International Cooperation Agency (JICA) and the European Bank for Reconstruction and Development (EBRD) to construct a 50MW wind farm in southern Mongolia. Clean Energy Asia will construct the Tsetsii Wind Farm at Tsogttsetsii Soum, Umnugobi Aimag, and aims to launch operations in December 2017.

  • Bayan Airag in touch with communities

    AS well as providing employment opportunities for the communities in Zavkhan province of western Mongolia through its gold mine, Bayan Airag Exploration LLC is supporting the same communities by keeping them informed of its activities and supporting social programs.

  • BNU coal mine back in full swing

    TERRACOM Limited has completed recommissioning the Baruun Noyon Uul (BNU) Coking Coal Project and the mine is in full production. This follows the signing of a binding long form offtake agreement with a wholly-owned subsidiary of China Kingho Group for a 5.5 year offtake of hard coking coal produced from the South Gobi mine.

  • Study shows Ovoot rail section is feasible

    THE first stage feasibility study for the Northern Rail Corridor in Mongolia has concluded that the project is financially feasible. The study, which was prepared by China Railway First Survey and Design Institute Group Co Ltd (FSDI), covers the Erdenet to Ovoot section.

  • Nuurstei open pit has economic potential

    A LARGE proportion of the deposit at Aspire Mining’s Nuurstei Coking Coal Project can be mined economically in an open pit. Modelling carried out during preliminary pit optimisation uses indicated and inferred resources as well as a range of coking coal prices.

  • Powerline permit awarded to Khot

    MONGOLIA’S Government has awarded a permit to Khot Infrastructure Holdings’ majority-owned subsidiary Ashid Munkhiin Zam LLC (AMZ) for construction of a 110kV powerline. The permit allows AMZ to further increase the scope and scale of bidding opportunities in the powerline construction sector.

  • Strong Altan Nar results for Erdene

    DRILLING at Erdene Resource Development Corp’s Altan Nar Gold-Polymetallic Project has returned strong results, including 110 metres of 9.3 g/t gold, 32 g/t silver and 1.4% combined lead-zinc. This hole was testing a conceptual target at a structural intersection in the Discovery Zone (DZ).

  • Chuluun Khoroot exploration licence extended

    THE exploration licence for Eumeralla Resources’ Chuluun Khoroot Tungsten Project in northeast Mongolia has been extended for an additional three years. The Mineral Resources Authority of Mongolia (MRAM) has extended the licence to September 26, 2019 and has reduced the tenement area from 12,658 hectares to 2786 hectares.

  • Lower 2017 production expected at OT

    TURQUOISE Hill Resources expects to produce between 130,000 and 160,000 tonnes of copper and 100,000 to 140,000 ounces of gold from the Oyu Tolgoi open pit in 2017. The guidance is lower than 2016 production primarily due to approximately 25% less copper head grade and 50% less gold head grade.

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