The board of directors for Oyu Tolgoi LLC has approved development work at the Mongolian copper mine to commence under an alternative plan, while engagement continues with Entrée Resources and the government on the transfer of licences to allow mining in a joint venture area.
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Rio Tinto, in collaboration with the University of Queensland, has marked the official launch of the South Gobi Underground Mass Mining Institute (SGUMMI) with a visit by the president of Mongolia to the Oyu Tolgoi mine. The miner said the institute offers a comprehensive, world-class training program designed for both local and international mining professionals, utilizing the Oyu Tolgoi copper…
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An Indian government source told Reuters that the country is in talks with Mongolia to set up a preliminary pact that will focus on mineral shipments between the two Asian nations. “The pact with Mongolia will focus on transit of minerals” such as coal and copper, said the source, who did not want to be identified as the deliberations are…
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The Thiess-Khishig Arvin Joint Venture (TKAJV) has secured a new contract to provide mining services at the Oyu Tolgoi copper and gold project in Mongolia, marking TKAJV’s return to underground mining services. The deal, the value of which was not disclosed, also builds on the group’s recent successes with numerous underground construction projects, following the development of the mine’s 6.5-kilometre…
Read MoreMongolia’s top gold producer is about to be formed with the acquisition of Boroo Gold by Steppe Gold, the latter announced 22 January. Steppe officials said it has entered into a binding term sheet creating a producer in Mongolia with a near-term production target of 200,000 ounces per year, including the committed ATO Gold Mine Phase 2 expansion. Boroo Gold…
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Redpath Mining announced recently that Dayan Contract Mining has opened a new branch office in Mongolia. Full story.
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Mongolia has asked its partner Rio Tinto to stay within an estimated $7.06 billion budget for the Oyu Tolgoi copper and gold mine’s underground expansion, reported Reuters. Full story.
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Canadian miner Turquoise Hill said 86.6% of its shareholders have voted in favor of Rio Tinto’s $3.3 billion takeover bid, reported Reuters. Read full article.
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Xanadu Mines and Zijin Mining Group have entered a strategic partnership to progress the former’s flagship Kharmagtai copper-gold project in Mongolia through its next phase of evaluation and development. See full article here.
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While a supply chain hiccup involving its reagents idled its progress, Steppe Gold confirmed 6 April that, in the month since it officially was able to return to production, it has completed the first gold pour at its ATO operation in Mongolia and is continuing its ramp-up effort. Read full article from The Asia Miner.
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