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Macmahon faces trouble in Mongolia

ASX-listed project house Macmahon Holdings on Wednesday reported it had suspended work at the Tavan Tolgoi coal mine, in Mongolia, owing to a disagreement with the client, Erdenes Tavan Tolgoi (ETT). Macmahon has been operating at the Tavan...
20th August 2014

Viking Mines signs 4th MoU at Auminco mine

ASX-listed Viking Mines, formerly Viking Ashanti, has inked a memorandum of understanding (MoU) with a Mongolian industrial company for the future potential supply of coal from Auminco Mines. Unlisted Auminco Mines is currently the subject of a...
15th August 2014

Oyu Tolgoi inks power cooperation accord with Mongolia govt

Rio Tinto subsidiary Turquoise Hill Resources has signed a power-sector cooperation agreement (PSCA) with the Mongolian government that will guide long-term strategic cooperation between the State and Oyu Tolgoi to deliver a comprehensive energy...
14th August 2014

Guildford inks first sales contract in Mongolia

Junior coal developer Guildford Coal has executed its first sales contract for its Baruun Noyon Uul (BNU) coal mine, in Mongolia. The contract represented the first shipment of 8 000 t of coal from the BNU mine to end-users in China, which would...
14th August 2014

Turquoise Hill aims to end Mongolia tax dispute before deadline

Oyu Tolgoi, Mongolia Turquoise Hill Resources is working to resolve a tax dispute with the Mongolian government before an extension runs out on funding commitments for the underground expansion of its Oyu Tolgoi gold and copper mine, the company's chief executive...
13th August 2014

SouthGobi Resources narrows Q2 loss on higher sales despite low prices

Ovoot Tolgoi, Mongolia Toronto- and Hong Kong-listed 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. The Hong Kong-based miner reported a net loss...
11th August 2014

Rio Tinto beats cost saving target early, lowers 2014 capex guidance

Rio Tinto CEO Sam Walsh Diversified mining group Rio Tinto has delivered on its targets in the first half of the 2014 financial year, CEO Sam Walsh reported on Thursday, as the company announced a 21% increase in its underlying earnings to $5.1-billion and said it had...
7th August 2014

Guildford sells Oz coal assets

ASX-listed Guildford Coal has signed reached an agreement with Singapore-listed Sino Construction to divest of its Queensland coal assets in a deal worth $25-million. The assets would include the Clyde Park project, as well as the Pentlant,...
4th August 2014

Turquoise Hill Resources to sell 29.95% of coal miner SouthGobi

A subsidiary of diversified miner Rio Tinto, Turquoise Hill Resources this week said it would sell 29.95% of Mongolia-focused coal miner SouthGobi Resources to Hong Kong-based National United Resources Holdings. National United will buy...
1st August 2014


Tenders for work in Asia
1st August 2014

Aspire signs another MoU at Ovoot

ASX-listed coal developer Aspire Mining has signed a non-binding memorandum of understanding (MoU) with the owner of the Zavkhan power station, in Mongolia, to provide oxidised coal from the Ovoot coking coal project. The MoU covered a possible...
23rd July 2014

Pilbara expansions boost Rio’s iron-ore output, shipments hit record

Mining giant Rio Tinto’s Pilbara expansions have delivered an 11% increase in production during the three months to June, with the company producing 73.1-million tonnes of iron-ore. Iron-ore shipments were also up by 23% compared with the...
16th July 2014
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