October 10, 2012
British anti-poverty charity Oxfam has made its first venture into
corporate finance with a £1m loan to a Mongolian machinery and equipment
leasing company.
October 10, 2012
Diversified miner Rio Tinto said Tuesday it expects its copper output to
start rising again in 2013 following three straight years of decline,
thanks to improving ore grades and the start of its Mongolian mine.
October 10, 2012
Workers of the100 percent Chinese invested PetroChina Daqing Tamsag LLC,
which runs petroleum operations in Dornod aimag, are making a call to
strike on October 10th in order to have wages increased and conditions
improved.
October 9, 2012
The rating on MRC reflects the company"s production and sales ramp-up
risks, its high customer and mineral concentration, and high debt. MRC"s
second-quartile cost position and positive demand prospects in the
northwest Chinese iron ore market partly offset these limitations. The
rating factors in the company"s proposed issue of up to US$300 million
in senior secured notes.
October 8, 2012
Newera Resources (ASX: NRU) has intersected two main, shallow coal seams
totalling 26 metres in length at its Shanagan East Project in Mongolia.
October 5, 2012
Mongolia’s new government will ignore calls for the nation to take a
larger share of Rio Tinto Group"s Oyu Tolgoi copper and gold mine,
focusing instead on attracting overseas investors to the country"s
biggest coal field, the foreign minister said.
October 5, 2012
Manas Petroleum ("Manas") (TSX-V: MNP; OTCBB: MNAP) announces that its
subsidiary Gobi Energy Partners LLC, has completed drilling at the Ger
Chuluu D1 well.
October 5, 2012
Dozens of MPs collected signatures in order to have the OyuTolgoi
Investment Agreement changed. Some 26 parliament members presented the
petition to the Prime Minister.
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