Tian Poh lodges IPO prospectus

Tian Poh Resources coal, gold and copper prospects are all in southern Mongolia, not far from the border with China.MONGOLIA-focused resources company, Tian Poh Resources Ltd has lodged a prospectus with the Australian Securities & Investment Commission (ASIC) for the initial public offering (IPO) of its shares, ahead of a planned listing on the Australian Securities Exchange (ASX). A successful IPO will enable the company to fast-track development of the Huabei Kuangye Coal Project in southern Mongolia.

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Positive study for Mandal Moly project

The core yard at the Mandal Moly project after an extensive diamond drilling program.ORIGO Partners has announced the results of a scoping study on the Mandal Moly molybdenum and tungsten project in northwest Mongolia which is wholly-owned by its portfolio company Moly World. The study has identified the potential for an initial small-scale open pit operation that could be brought into production for an investment of US$43.6 million, including working capital.

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Production at OT returns to normal

The exploration camp at the Mandal Moly project of Moly World.CONCENTRATE production for the second quarter at Turquoise Hill Resources' Oyu Tolgoi Copper-Gold Project (OT) returned to normal rates after recovering from thickener rake repairs. Copper concentrate increased from 1.029 million tonnes to 1.4 million tonnes and the average grade was 25.8% copper, up from 24.6%.

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OT signs power agreement

Mining operations in the open pit at Oyu Tolgoi Copper-Gold Project in southern Mongolia  (Copyright © 2014 Oyu Tolgoi).

OYU Tolgoi recently signed a Power Sector Cooperation Agreement (PSCA) with the Government of Mongolia for investigation into establishment of a Tavan Tolgoi-based independent power producer, according to Turquoise Hill Resources. The agreement provides a pathway to strengthening the power supply network in Mongolia and providing the Oyu Tolgoi gold and copper mine with domestic power rather than power from China.

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