Компаниуд
Corruption investigators issue notice on SouthGobi
SouthGobi Resources has received a notice from the Mongolian authorities that might lead to criminal actions against three of its former employees and SouthGobi could be held liable as “civil defendant”.
Newera Resources to begin drilling at Ulaan Tolgoi
Newera Resources is poised to start 2,000 metres of diamond drilling to test for potential coal deposits underlying five seismic lines that have produced positive results at its Ulaan Tolgoi coking coal project. In the first of two phases, it plans to drill two diamond holes of about 300 metres each into the best prospects identified as a precursor to the 1,400-metre second phase.
Erdene “extremely pleased” with Altan Nar assay results
In a statement accompanying the release by Erdene Resource Development Corp. of the final assay results for its Q4 2013 trenching programme at the Altan Nar gold-polymetallic project, the company’s President and CEO, Peter Akerley, has said, “We are extremely pleased with the results.
EBRD loan to help Sharyn Gol produce clean fuel briquettes
The European Bank for Reconstruction and Development (EBRD) is lending $10 million to Sharyn Gol JSC for the acquisition and installation of a de-stoning plant and the upgrade and expansion of a coal enrichment and briquetting plant.
Khan Resources not alone in opting for arbitration
Toronto-based Khan Resources is gambling that an international arbitration case in Paris will allow it to regain control of a uranium project that, it claims, was illegally expropriated by the Mongolian government, leaving it with nothing but angry investors.
Mongolia says Mongolian laws have been breached
The Government of Mongolia and Rio Tinto have been in long discussion over a series of issues regarding the OT project. It was not an authentic intention of the Government of Mongolia to disrupt the concentrate export but instead there is a mutual aim to start the export as soon as all procedures are in line with Mongolian legislative framework.
CEO Sam Walsh announces Rio Tinto will cut costs
Rio Tinto CEO Sam Walsh announced that the company will seek to cut costs as demand for industrial commodities has dropped. The announcement comes as growth in China has slowed more than expected, declining to 7.7% from 7.9% the previous quarter.
Power problem could delay OT progress
OyuTolgoi looms as one of Rio Tinto’s most exciting growth projects on the back of the company’s recent takeover of the project’s majority owner Ivanhoe Mines, but difficulties in delivering power to the mine’s remote location are continuing to fester, with Ivanhoe confirming that a deal to import power from China had still not been reached.
Centerra Gold violated laws, NGOs tell Canadian Govt
A consortium of Canadian and Mongolian organisations has filed a complaint with the Canadian government over apparent violations of Mongolian law and international corporate responsibility guidelines by Centerra Gold Inc. in its Mongolian operations.
Chalco to buy up to 60% of SouthGobiin $926- million deal
Chinese aluminium giant Chalcohas agreed to pay $926 million for a controlling stake in SouthGobi Resources in a deal with Robert Friedland’s Ivanhoe Resources.Ivanhoe said a sell-down would free up capital that could be invested in the OyuTolgoi mine.Under the deal, state-owned Chalco plans to buy up to a 60 percent stake in SouthGobi for C$8.48 per share.
