PHILIPPINES - Further high grade Lobo results

Red Mountain Mining has received further high grade gold results that could extend the existing South West Breccia Resource at Lobo prospect within its Batangas Gold Project in the southern Luzon.

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MONGOLIA - MMC sells road assets

Moody’s Investors Service says Mongolian Mining Corporation’s (MMC) sale of its Ukhaa Khudag-Gashuun Sukhait (UHG-GS) road assets will not alleviate the severe liquidity pressure on MMC, given the company’s large debt servicing requirements and against the backdrop of a challenging operating environment.

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MALAYSIA - Bid to revive tin mining

The UK’s Camborne School of Mines (CSM) will play a pivotal role in an international collaboration aimed at reviving and stimulating the tin mining industry in Malaysia’s second largest state.

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VIETNAM - Petrovietnam seeks coal imports

Vietnam state-owned oil and gas group Petrovietnam is looking to buy around 10 million tonnes of coal a year, mostly from Australia and Indonesia, to feed domestic thermal power plants from 2017, according to Reuters.

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