Rio Tinto appears unlikely to be ready to push ahead with the second stage of the Oyu Tolgoi mine this week, despite an imminent deadline and improving relations with the Mongolian government.
The majority of lenders toward the $US5.4($6.2) billion second stage have attached a September 30 deadline to their funding commitments, after the initial...
At UN Assembly, Mongolian leader underscores needs of landlocked developing countries
President Tsakhiagiin Elbegdorj told the 69th high-level debate in New York that his country looks forward to working with partners to revise the new set of anti-poverty targets which will guide international development starting in January of 2016.
Speaking...
2014 Taiwan International Conference on Tibet and Inner Mongolia held in Taipei
Taipei: - An international conference to discuss the issue of Tibet, Xinjiang and Inner Mongolia was held September 20 at the National Taiwan University Alumini Hall in Taipei, the capital of Taiwan.
The conference was organized jointly by the local Tibetan Welfare Association and the Office of Tibet. It was attended by around 16 outstanding academicians,...
Robert Friedland talks in Melbourne about Mongolia's Oyu Tolgoi mine, supply chain scrutiny and the future demands for metals
"A truly world class mine is like a woman having a 100 kilogram baby; it is painful, it takes time.": Robert Friedland. Photo: Paul Rovere
Famous mining entrepreneur Robert Friedland says he is confident Rio Tinto can mend its troubled relationship...
Rio Tinto Raises Cost Of Oyu Tolgoi Underground Mine Expansion
Employees at the Oyu Tolgoi mine in Mongolia.
Costs for expanding a massive Mongolian copper mine in which Rio Tinto owns an interest are on the rise, but the project will only move ahead once all issues with the Mongolian government have been resolved, the company that owns the rights to the mine said.
Canada-listed Turquoise Hill Resources ,...
Regaining investors' credibility …..
Problem statement by INS
Mongolia’s ability to attract third neighbor investors and financiers to support funding of it’s huge development agenda has deteriorated. Providers of capital are seeking answers to 2 basic questions while considering lending or investing into Mongolia.
Is the Government of Mongolia supportive of an empowered private sector...
Macmahon enters three week work stoppage in Mongolia
Machamon and its subsidiaries have entered a three week work standstill agreement following suspension of operations.
Last month Macmahon's Mongolian subsidiary announced a work suspension following overdue payments running to more than US$20 million at ETT's Tavan Tolgoi coal mine in Mongolia as the time.
The contractor is in discussions...
Genie Energy Signs Agreement for Additional Oil Shale Exploration in Mongolia
NEWARK, N.J., Sep 16, 2014 (BUSINESS WIRE) -- Genie Energy Ltd. GNE, +0.29% said today that its subsidiary, Genie Oil Shale Mongolia, LLC (GOSM), has signed a prospecting agreement with the Petroleum Authority of Mongolia (PAM). The new exploration block covers twenty-five thousand square kilometers in Central Mongolia southeast of...
Oyu Tolgoi Receives Decision From Mongolian Tax Authority
Turquoise Hill Resources (NYSE: TRQ)(NASDAQ: TRQ)(TSX: TRQ) announced that today Oyu Tolgoi has received a written decision from the Mongolian Tax Authority on the pending tax act. Following translation of the ruling, Oyu Tolgoi will review it in detail...
Rio Tinto and Mongolia settle Oyu Tolgoi mine tax dispute
Rio Tinto is a big step closer to getting its Mongolian copper project back on track, after a Mongolian minister confirmed that a tax dispute had been resolved. Mongolia's vice-minister of mining, Oyun Erdenebulgan, confirmed to reporters in Mongolia that the developing nation would settle for a $US30 million payment ($33 million) from Rio; much less...
Xi calls for economic links with Russia, Mongolia
THE top leaders of China, Russia and Mongolia launched a three-party summit, during which President Xi Jinping proposed a three-way economic corridor featuring cross-border infrastructure and trade development.
Xi called for an economic corridor linking Beijing’s proposed Silk Road economic belt, Russia’s Trans-Eurasia railway and Mongolia’s passage...
