Author Chris CannTSX-listed exploration company Kincora Copper Ltd closed an over-subscribed C$5 million (US$4.48 million) capital raising this week ahead of a highly anticipated drill program on its Brown Fox project, 140km down the road from the monstrous Oyu Tolgoi (OT) operation in Mongolia. Given the lack of enthusiasm for exploration and Mongolia...
Mongolian Kakuryu promoted to sumo’s highest rank
TOKYO — Kakuryu of Mongolia was promoted to yokozuna on Wednesday, becoming the sixth foreign-born wrestler to reach sumo’s highest rank.
The 28-year-old Kakuryu won the Spring Grand Sumo Tournament with a 14-1 record en route to his second career title and was unanimously voted to become the 71st grand champion.
Kakuryu, whose real name is Mangaljalav...
Turquoise Hill sees Oyu Tolgoi production below forecasts
(Adds fourth-quarter results, detail on technical problems.)
(Reuters) - Technical problems hit first-quarter production at Rio Tinto's Oyu Tolgoi copper and gold mine in Mongolia, and full-year output may be lower than previously forecast, Turquoise Hill Resources said on Wednesday.
Turquoise Hill, which owns a majority interest in Oyu Tolgoi and...
KINCORA COPPER - CLOSES FIRST TRANCHE OF OVERSUBSCRIBED PRIVATE PLACEMENT
Vancouver, BC – March 25th, 2014 – Kincora Copper Limited (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce that it has completed a $5 million private placement, subject to certain approvals. The successful placing attracted considerable demand from both new and existing investors and was significantly oversubscribed. Funds from the capital...
Coal miner SouthGobi warns of cash crunch, posts bigger loss
(Reuters) - Coal miner SouthGobi Resources Ltd warned that it was unlikely to have enough cash to meet its debt obligations and was looking for financing to continue its operations in Mongolia.
The company, controlled by Rio Tinto Plc , also reported a bigger quarterly loss, mainly due to impairment losses.
SouthGobi said it expected continued...
Mongolia to build railway across Mongolia-China border to transport minerals
ULAN BATOR, March 22 (Xinhua) -- Mongolia announced Saturday that it will build an international-standard narrow gauge railroad across its border with China to transport its minerals from the Mongolian Gashuun Sukhait port to China's Gants Mod port.
Ulan Bator has permitted Erdenes Tavan Tolgoi, a state-owned mining company, to co-invest with Chinese...
Australia - Mongolia mining industry cooperation
Media release
18 March 2014
Mongolian Foreign Minister Luvsanvandan Bold and I today announce a five-year, $20 million program to assist the sustainable development of the resources sector in Mongolia.
Like Western Australia, Mongolia's economy is driven by mining and resources. The Australia-Mongolia Extractives Program will utilise Australian...
Disability Awareness Activist Uyanga Erdenebold, Ulaanbaatar Mongolia
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