Oyu Tolgoi power agreement extended

Oyu Tolgoi LLC has signed a new power purchase agreement (PPA) with the National Power Transmission Grid (NPTG) of Mongolia covering the Oyu Tolgoi (OT) Copper-Gold Project in southern Mongolia. The PPA forms part of a power import arrangement between NPTG and China’s Inner Mongolia Power International Corporation (IMPIC).

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Cokal proposes start-up mine at BBM

As part of its strategy to accelerate the commencement of mining operations at the BBM Coking Coal Project in Kalimantan, Indonesia, Cokal Limited has evaluated the technical and financial feasibility of a small-scale initial mine close to the Barito River. Construction can commence immediately funding is secured as all regulatory approvals have been obtained.

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Funding interest for Mongolian coal plant

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

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EDI decision ‘a betrayal of exploration’

A decision by the Australian Federal Government to scrap the Exploration Development Incentive (EDI) is a betrayal of the mineral exploration industry in Australia, according to the Association of Mining and Exploration Companies (AMEC).

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