Компаниуд

Aspire’s Ovoot blend a premium coking coal for China Aspire Mining has received an encouraging report confirming that a Mongolian Blend with between 25% to 50% Ovoot coal is a premium coking coal using Chinese coal classifications, and is similar to or even better than primary coking coals imported from Australia, the U.S., and Canada due to its medium ash, low sulphur and high G value.

Viking sees drilling results at Berkh Uul as positive Australia-listed Viking Mines has termed results from the recently completed drilling programme at its 100%-owned Berkh Uul coal project ‘positive’, indicating that “the quality of the coal is comparable to or better than the historical drilling data, notwithstanding differences in the analytical methods and techniques performed”.

Sharyn Gol’s coal washing plant to be ready in Q1 Sharyn Gol JSC expects to commission a 600,000-tons-per-year coal-washing plant before the end of the first quarter of 2015.

Darkhan Metallurgy commissions iron ore wet concentrate plant State-owned Darkhan Metallurgy has commissioned a wet-concentrate plant, the largest in Mongolia, with capacity to process one million tons of iron ore per year, using wet magnetic separators.

ZMEngineering becomes Hardox Wear Part Center In 15th December 2014, ZMEngineering (ZME) LLC the Mongolian mining metal structure manufacturing and design engineering company,has started cooperation with the world-leading company in special steel, SSAB’s HardoxWearparts.

Chinese driller strikes oil at Khanbogd A Chinese company, Zon Hen Yu Tian, has struck oil at the Galba 11 exploration site at Khanbogd Soum, Umnugovi Aimag. Galba 11 is one of 22 projects where four foreign companies received an exploration licence in 1992. Incidentally, these licences are due to expire very soon.

Rio Tinto poised for $2.5-billion write-off on Oyu Tolgoi A report in The Australian suggests Rio Tinto is set to take a $2.5-billion writedown on the troubled Oyu Tolgoi project, where delays have contributed to a $2.5-billion reduction in the project’s value.

Energy Resources exports 54% of total coal export Some 64 per cent of the total coal exported in the first nine months of this year went through the Gashuunsukhait port, most of it from the Tavan Tolgoi deposit.

Xanadu to raise A$13.6m to advance Mongolia assets Xanadu Mines plans to raise A$13.6 million through a rights issue and share placement programme to advance its newly acquired Mongolian copper/gold porphyry portfolio.

Turquoise Hill cuts OT gold, copper output forecast Turquoise Hill Resources has reduced its 2014 forecasts for gold and copper production at the Oyu Tolgoi mine because of delays in mine development in the third quarter.

Guildford happy with Baruun Noyon Uul test results Guildford Coal has announced that results of the recent trial batch washing and laboratory tests at the Baruun Noyon Uul mine confirm the quality of the BNU coal.

Aspire hopes to benefit in Mongolia’s pacts with Russia, China Aspire Mining feels its Ovoot Coking Coal Project received a boost after being recognised as a key user of a new rail transit corridor to Russia.

Genie Energy signs new prospecting agreement for oil shale exploration Genie Oil Shale Mongolia (GOSM), a subsidiary of Genie Energy, has signed a prospecting agreement with the Petroleum Authority of Mongolia (PAM).

Erdenet Mining plans rehabilitation Erdenet Mining Corp. is 36 years old and its management has started planning for the day the mine’s reserves are exhausted.

Despite low prices, SouthGobi Resources narrows Q2 loss on higher sales SouthGobi Resources has narrowed its net loss for the second quarter, ended June 30, propped up by higher coal sales, which was offset by significantly lower coal prices.

ALS opens coal analytical laboratory at Tavan Tolgoi Mine Mongolia ALS one of the world’s largest and most diversified testing servicesproviders has announced the opening of the new coal analytical laboratory at Tavan Tolgoi mine in South Gobi, Mongolia.

Oyu Tolgoi draws from inventory as sales exceed production Sales of copper concentrates from Oyu Tolgoi exceeded production in April, leading to a drawdown in warehouse inventories held on the China-Mongolia border. Oyu Tolgoi concentrates sales during the month totalled 68,000 dry metric tonnes, up from just 48,000 dmt in the whole of the first quarter.

Erdene hits highest gold grades to date, exploration continues Erdene Resource Development Corp recently released the results of their second-quarter exploration programme at its Altan Nar gold-polymetallic project. Findings from surface exploration and drilling have supported the sustained development of the mineralisation project.

Newera begins coal magnetic survey at Ulaan Tolgoi The recently started ground magnetic survey covering the northern sector of Newera Resources’ Ulaan Tolgoi project in the South Gobi basin is expected to be completed within two weeks.