English News

The New York Society of Security Analysts (NYSSA) will hold its second conference on investing in Mongolia following the great success of the first Investing in Mongolia conference. Regional experts and government officials will discuss the country’s economic outlook and investment potential, executives from Mongolian public and private companies will discuss their businesses. Mongolia is expected to become one of …

At the meeting of the Russian Government, a Defence Minister Sergei Shoigu  suggested a development of coal transportation towards the southern regions–through Western Mongolia to China and then to other countries. According to en.portnews.ru on April 4, the minister said: “Our program implies the construction of a railway from Kuragino southwards to Kyzyl. From Kyzyl this can be going on …

Mining giant BHP Billiton (ASX, NYSE: BHP) (LON: BLT) revealed Tuesday it’s considering spinning off its nickel, manganese, and aluminum businesses into a separate unit, with the purpose of boosting shareholder returns. Answering to market speculation about its plans to sell its slower growing non-core units, the Anglo-Australian miner acknowledged it was studying the next phase of its “simplification” strategy, …

Indonesia rocked the mining world earlier this month putting into effect a 2009 law calling for an outright ban on unprocessed ore exports against expectations of a climb down by authorities. The Asian nation is the world’s premier thermal coal and refined tin exporter and is also a gold and copper powerhouse, but as the number two miner and largest …

ULAN BATOR — Mongolian President Tsakhiagiin Elbegdorj can rightfully boast that he has persuaded parliament to take a more welcoming stance toward foreign investment, but he is aiming for even more. Elbegdorj, who was re-elected last June to a second four-year term, addressed businesspeople in Ulan Bator last month and sketched out plans for 13 new bills. He used the …

During the last week of July, Uralkali blasted the global potash market wide open sending stock prices in the sector tumbling. Fast forward two months and the full effects of the breakup of the Russia-Belarus oligopoly that controlled more than 40% of world exports have still not been felt. Uralkali CEO Vladislav Baumgertner’s move was supposed to move potash from …

Rio Tinto’s half year results have come in close to market expectations, with an underlying profit of $US4.2 billion. Lower profits from iron ore, copper and other divisions ensured that number was $US1 billion lower than the same result last year when the company reported underlying earnings of $US5.2 billion. As expected shareholders will get an interim dividend of 83.5 …

Interview by the Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Mongolia Dr.Victor Samoilenko to the national times news journal. – Mongolia buys petroleum products from Russia. What do you think of the Russian side conducting a more flexible policy on fuel prices? You are correct, Mongolia does import Russian petroleum products. However, Russia does not possess an exclusive …

Chinese copper imports rose seven percent to 320kt and copper scrap imports were up 17% month-over-month in March according to data released by Barclay’s towards the end of last week. Base metals prices were up last week marginally from multi-month lows as Chinese manufacturing imports were better than expected, up 14% year-over-year.

Rio Tinto has hired investment bank Macquarie to sell its majority stake in the North parks copper mine in Australia, a source familiar with the matter said, adding to a growing list of planned divestitures. North parks, in New South Wales, is the latest of the global miner’s assets to be earmarked for sale, as Rio’s new chief executive officer …