World Mining News

Өмнөговь аймгийн Ханбогд сум, Оюутолгойг холбосон 35.1 км замын нээлт өнөөдөр боллоо. Энэ зам ашиглалтад орсноор Оюу толгойн уурхайд ажилладаг Өмнөговийн иргэд ажилдаа явах, гэртээ харихдаа аюулгүй, тав тухтай зорчих болж байна. “Оюу толгой” ХХК 46 тэрбум төгрөгөөр санхүүжүүлэн байгуулсан тус замыг Өмнөговь аймгаас 2018 оны “Шилдэг бүтээл, бүтээн байгуулалт”-аар шалгаруулсан. Энэ бол “Оюу толгой” компанийн санхүүжилтээр Өмнөговь, тэр дундаа …

  Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reports. Last year the Mongolian copper-gold mine produced 159,100 tonnes of copper, up 1.1% from 2017, and 285,000 ounces of gold, up 150% from 2017. The government of Mongolia owns 34 …

Three years after the wastewater spill at the ancient Gold King mine in Colorado, the U.S. Environmental Protection Agency is still reviewing about 380 claims for lost income, fallen property values and other losses endured by people that live or work in the areas surrounding the mine. According to the Associated Press, the EPA provided an update on its progress regarding …

BEIJING, June 11 (Reuters) – China’s top coal mining region Inner Mongolia will shut 22 small coal mines this year with a combined annual capacity of 11.1 million tonnes, local authorities said in a statement on Monday. The closures are in line with Beijing’s push to streamline the industry by shutting down small, inefficient mines and adding new capacity at bigger, …

The ongoing trade war between the United States and China has forced the Chilean Copper Commission (Cochilco) to revise downwards its average copper price prediction by $0.06 per pound to $3. The state agency also said it expected the metal’s price to climb back upwards next year, reaching $3.10 per pound. In terms of output in Chile, the world’s largest copper producing …

Xanadu Mines Ltd’s (ASX:XAM) accelerated exploration has extended the footprint of the Kharmagtai Copper-Gold Project in southern Mongolia. Drilling at Stockwork Hill deposit has confirmed high-grade extensions below the resource. At Target 19, west of the White Hill deposit, scout drilling has confirmed a new shallow porphyry copper discovery. READ: Xanadu Mines steps-up drilling to boost copper-gold bounty in Mongolia …

Southern Copper Corp was declared the winner on Tuesday of the Peruvian government’s first auction of the  Michiquillay copper project, the first tender in nearly a decade. According to a statement by Southern Copper, controlled by conglomerate Grupo Mexico won the tender with a proposal to transfer $400 million to the government and pay 3% royalties. Southern Copper affirmed Peruvian investment agency Proinversión’s mineral …

The stock of MONGOLIAN MINING CORPORATION ORD CAYMAN (OTCMKTS:MOGLQ) registered a decrease of 97.53% in short interest. MOGLQ’s total short interest was 2,500 shares in February as published by FINRA. Its down 97.53% from 101,400 shares, reported previously. It closed at $0.03052 lastly. It is down 0.00% since February 16, 2017 and is . It has underperformed by 16.70% the …

Rio Tinto could face higher costs on its $US5.3 billion expansion of Mongolia’s Oyu Tolgoi mine, after the developing Asian nation ordered the miner to source power for the mine domestically within four years. The move reinstates an original aspect of the 2009 investment agreement for the mine, and is the latest example of what appears to be growing sovereign risk in …

Rio Tinto Group has been accused by a Dutch non-profit group of avoiding about $700 million in taxes related to its Oyu Tolgoi copper mine in Mongolia. The company denied the allegations. Rio and its Canadian subsidiary Turquoise Hill Resources Ltd. used so-called mailbox companies in Luxembourg and the Netherlands to fund the development of the mine in Mongolia, the …