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Mongolian Finalised Mining Investment Agreement for Copper-Gold Mine Project This Month
An investment agreement for the long-delayed Oyu Tolgoi copper-gold mine project in Mongolia will likely be finalised this month when the matter is discussed in that nation’s parliament.
Mongolia Receives Mining Companies To Bid Tavan Tolgoi Coal Mine
Mongolia has received nine bids for the mining rights to the Tavan Tolgoi coal mine. The site is estimated to hold 6 billion metric tons of coal.
Leighton Expanded Coal Mining Exploration To Buy Mongolian Coal Mine
Leighton Holdings Ltd has purchased the mining rights to a coal mine in Mongolia, according to Mongolia Web News.
Kiu Hung International Holdings Limited Approve Acquisition Lucky Dragon Resources Limited
Kiu Hung International Holdings Limited (HKEx: 381) held an extraordinary general meeting and approved the acquisition of the entire equity interest of Lucky Dragon Resources Limited with a total consideration of HK$840 million (subject to adjustments).
Lucky Dragon owns the entire equity interest in Tongliao City Heng Yuan Mining Company Limited (”Heng Yuan”) which in turn [...]
Gulfside Minerals LTD.:Mongolia Coal Update
Robert L. Card, President of Gulfside Minerals Ltd., (the ‘Company’), reports that the Company has engaged Norwest Corporation (’Norwest’), of Salt Lake City, Utah, a world leader in coal consultancy, to provide consulting services regarding the exploration and evaluation of the Erdenetsogt coal project located in the South Gobi region of Mongolia. Norwest has extensive [...]
Gulfside Clarifies Agreement to Acquire Coal Project
Robert L. Card, President of Gulfside Minerals Ltd. (the “Company”), reports that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify disclosure relating to a Letter of Intent agreement to acquire the Erdenetsogt Coal Project in Mongolia.
The Company’s news release dated June [...]
China’s appetite fort metals remains unsated
Rio Tinto Group, the world’s third-largest mining company, said China’s demand for metals will likely rise, underpinning high prices for commodities this year.
Mining companies globally have been hampered from expanding capacity to meet Chinese demand by shortages of labor and equipment, Paul Skinner, chairman of the London-based Rio Tinto, said in its annual report filed [...]
New World Cyberbase jumps after coal mine purchase
Shares of New World Cyberbase Ltd. soared 85 percent early on Thursday after the firm announced a plan to buy a coal mine in western Mongolia for HK$1.2 billion (US$154 million).
The company’s shares, which were suspended on January 26, gained HK$0.23 to open at HK$0.50 in resumed trading.
