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Jun 14, 13 •
684 Views •
Featured, Mining, News, State Affairs •
Valencia •
No Comments
In a weekly press conference “30 minutes with Prime Minister” – Oyu Tolgoi related issues were discussed. Oyu Tolgoi LLC was scheduled to commence its first copper concentrate shipment today. However, we heard that it was delayed. What is...
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May 14, 13 •
389 Views •
Mining, News, State Affairs •
Amarsanaa •
1 Comment
State Budget Standing Committee has accepted the proposal of MP Ganbaatar S. investigating Oyu Tolgoi LLC on its tax and other related agreements and contracts obligations. A working group will be formed soon to implement the decision. Ganbaatar S. is one of...
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May 12, 13 •
380 Views •
Economy, Mining, News, Opinion, State Affairs •
info •
No Comments
Recently, it has been speculated in the news that Rio Tinto is awaiting or expecting a nod/approval from the government for its Oyu Tolgoi project copper concentrate export. However, it is not Rio Tinto that needs an approval, if there is ever an approval...
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May 6, 13 •
232 Views •
Mining, News, State Affairs •
Valencia •
1 Comment
Mining Minister and MP Mr. Gankhuyag D. is set to meet the Australian Resources and Energy Minister Mr. Gary Gary this month. The two ministries established a working group on each side to exchange experiences and level up the cooperation. There are many...
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Apr 21, 13 •
192 Views •
Economy, Mining, News, State Affairs •
Valencia •
3 Comments
The OT project has already started the commercial production and scheduled to commence exporting the concentrates to China based smelters. OT has committed 75-90% of its’ product for sale with 3-5 smelters all located in China. Marketing strategies include...
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Apr 17, 13 •
136 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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Apr 15, 13 •
933 Views •
Mining, News, Politics •
Valencia •
1 Comment
After the victory of Democratic Party in the parliamentary elections last year, the party intensively replaced the directors and chiefs of high level organizations. As part of the process Mr. Ganbold Chuluun has been resigned from the Oyu Tolgoi LLC board....
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Apr 15, 13 •
87 Views •
Laws, Mining, News, State Affairs •
info •
No Comments
It has been 3 months since the shareholders of Oyu Tolgoi LLC met for the first time to resolve the outstanding issues of the project. The shareholders representatives include Ministers of Mining, Economic Development, Environment and state owned Erdenes MGL...
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Apr 10, 13 •
269 Views •
Banking, Laws, Mining, News, Opinion, State Affairs •
Valencia •
1 Comment
Senior Mongolian MPs and cabinet members had a session on whether Goldman Sachs had a conflict of interest when it advised the Mongolian government at the times when Oyu Tolgoi deal was in negotiation. The Goldman Sachs (Asia) LLC was one of the advisors to...
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Apr 10, 13 •
85 Views •
Business, Companies, Mining, News •
info •
2 Comments
Rio Tinto is having productive talks with the Mongolian government over the investment agreement for its Oyu Tolgoi project in the Central Asian nation, the CE of the global miner’s copper division said on Tuesday. Rio and Mongolia are at loggerheads...
