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May 17, 13 •
425 Views •
Economy, Energy, Featured, Interview, Mining, News, State Affairs •
Valencia •
No Comments
The board’s non-responsiveness is a sign of refusal, but this is a very rare case. We interviewed the Mongolian Ambassador Extraordinary and Plenipotentiary to Australia Mr. R. Bold. What are the main relations and sectors developing between the two...
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May 16, 13 •
141 Views •
Energy, Featured, News, State Affairs •
Valencia •
No Comments
Mongolian government has started implementing a policy to increase the supplier sources of gasoline and diesel fuels of the country. Relevant orders have been given to the Mining Ministry. Oil export to China has been increasing steadily in the recent years...
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May 2, 13 •
61 Views •
Energy, Mining, News, State Affairs •
Valencia •
No Comments
Anglo American Plc (AAL), the world’s third- largest producer of coking coal, is keen on joining a group of mining companies seeking to develop Mongolia’s giant Tavan Tolgoi coal field. The company is interested in working on the deposit in partnership...
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Apr 30, 13 •
67 Views •
Companies, Economy, Energy, Mining, News •
info •
No Comments
Since the fall of coking coal price in the world commodity market, the Mongolian coal exporters faced some difficulties to cope with high transportation cost and low coal price. Mongolian national company, daughter of MCS Group, Energy Resources LLC was no...
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Apr 30, 13 •
38 Views •
Energy, Infrastructure, Mining, News •
info •
No Comments
Bethesda, April 29, 2013 (GLOBE NEWSWIRE) — India Globalization Capital, Inc. (NYSE MKT: IGC) (“IGC” or “the Company”) announced the achievement of a further milestone in the execution of its strategic plan. It has established a...
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Apr 29, 13 •
41 Views •
Economy, Energy, Mining, News, State Affairs •
info •
No Comments
In accordance with the government Resolution 132 of 2013, Mongolian government is to organize a one-time return-offer of Erdenes Tavan Tolgoi JSC shares for those companies who wish to return their shares. Last year, 20% of the of the state-owned...
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Apr 23, 13 •
33 Views •
Construction, Economy, Energy, Interview, Mining, News, State Affairs •
Valencia •
No Comments
Erdenes Tavan Tolgoi was facing financial difficulties because of the low-selling price on the agreement with Chalco. The mine also contributes largely to the state-budget. Therefore, it was one of the many causes of economic slowdown in Mongolia....
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Apr 19, 13 •
27 Views •
Economy, Energy, Mining, News •
Valencia •
No Comments
Today, Prime Minister Altankhuyag N briefed SGK that Erdenes TT will resume transporting coal to China from next Monday, 22nd of April. Currently there are 337 thousand tons accumulated at the Mongolian border and over a million ton at the mine site. He added...
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Apr 17, 13 •
41 Views •
Economy, Energy, Mining, News, Politics •
info •
2 Comments
Today, Finance minister stated that the Oyu Tolgoi agreement is not profitable to Mongolia. He added that various sources and researches have proved the deficiency of the agreement. Viable explanations and breakdowns of the 2 billion USD cost overrun has not...
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Mar 14, 13 •
51 Views •
Business, Energy, Mining, News •
Urjee •
No Comments
Mongolia is seeking international investors to help fund a coal-fired thermal plant in the Gobi Desert to power its biggest infrastructure project, the Oyu Tolgoi copper and gold mine. “The total cost to build the power station will be roughly $500...
