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Mining legend Friedland makes case for platinum at gold forum

Billionaire mining legend Robert Friedland on Monday made the case for platinum at the Denver Gold Forum, saying that while he was a known gold bear, platinum was the only precious metal that had disruptive medium-term demand dynamics in the...
15th September 2014

Mongolia says resolves Rio Tinto copper mine tax dispute

A tax dispute that threatened to delay the giant Oyu Tolgoi copper mine being developed in Mongolia by Rio Tinto has been resolved, a government official said on Monday. The $6.5-billion Oyu Tolgoi project will produce more than 300 000 tonnes...
15th September 2014

Auminco launches enviro study in Mongolia

Unlisted takeover target Auminco Mines has launched its environmental baseline studies for the Berkh Uul coal project, in Mongolia, ASX-listed Viking Mines reported on Thursday. The environmental study was a required component of the application...
11th September 2014

‘Productivity’ tops EY’s list of business risks facing the mining industry

Professional services firm EY on Wednesday said its yearly ‘Business risks facing mining and metals’ report had revealed that productivity, capital decisions and social licence to operate were the top three risks facing the sector this year....
11th September 2014

Oyu Tolgoi concentrate thickener rake arms fail again

Turquoise Hill Resources, a subsidiary of diversified major Rio Tinto, on Tuesday reported that the rake arms in one of the two tailings thickeners at the Oyu Tolgoi copper/gold mine  had failed again. Having started production during last year,...
10th September 2014

Rio Tinto appoints new chief of Mongolia Oyu Tolgoi copper mine

Global mining giant Rio Tinto has appointed a new chief executive for the $6.5-billion Oyu Tolgoi copper-gold deposit in Mongolia as it bids to restart construction for the long-postponed second phase of the project. Rio Tinto executive Andrew...
4th September 2014
Electra Mining

ThoroughTec’s differentiation leads expansion in new simulation markets

Not only are mines increasingly buying into advanced simulation, but more simulator cabs are being developed across a diverse range of original-equipment manufacturers (OEMs) to meet the demand for this type of training, aimed at improving safety...
29th August 2014

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

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
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