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.
KINCORA Copper has outlined a multi-target, multi-stage strategy for tier one porphyry copper-gold exploration in southern Mongolia. Early priorities will be Bayan Tal and East Tsagaan Suvarga (TS) where Oyu Tolgoi-style stratigraphy has been confirmed.
GOVERNMENT reforms, proposed new infrastructure projects and improving market conditions in resource-rich Mongolia are helping attract mining companies back to the market.
IN line with Xanadu Mines’ long-standing and well-prepared succession plan Dr Andrew Stewart has been appointed managing director and will continue in the CEO role. Executive chairman Mark Wheatley has moved to the role of non-executive chairman.