General Mining Corporation builds up to coal exploration in Mongolia

General Mining Corporation (ASX: GMM) is progressing towards exploration at its thermal coal projects in Mongolia’s Uvs Basin. The company has commissioned a coal consultancy group with experience in Mongolia to undertake a preliminary geological reconnaissance program in November 2011.
General Mining is preparing to begin a coal exploration program in the June quarter of 2012.

Read more, please visit: http://www.proactiveinvestors.com.au/companies/news/21093/general-mining-corporation-builds-up-to-coal-exploration-in-mongolia-21093.html

Voyager Resources hits 46m at 1.1% copper at KM Project in Mongolia

Voyager Resources (ASX: VOR) has unveiled another discovery at its KM Copper Porphyry Project in the South Gobi Region of southern Mongolia, with results including 46 metres at 1.1% copper and 14.1 grams per tonne (g/t) silver from 16 metres.

The outstanding results have come from initial drilling on the Gaans Prospect and also include 38 metres at 0.88% copper and 4.5 g/t silver from 22 metres.

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Chinalco to buy 45 mln T of Mongolian coking coal

SHANGHAI Oct 21 (Reuters) - Aluminum Corp of China Ltd (Chinalco) , the country's top aluminium producer, will buy 15 million tonnes of coking coal per year from Mongolia's Tavan Tolgoi mine over the next three years, it said in a statement seen on Friday.

Chinalco said it had signed the contract with state-owned Mongolian miner Erdenes MGL in July and the first delivery of coal to China was made this week.

Erdenes said in July that Chinalco would resell 30 percent of the coking coal to Japanese trading houses Itochu Corp and Mitsui & Co Ltd , and state-owned Korea Resources Corp .

Macmahon, Operta sign $490m deal for Mongolian coal mining

Contract mining company Macmahon and German partner Operta have received a contract for coal mining operations at the Tavan Tolgoi mine in Mongolia, a five-year deal worth more than $US500 million ($490m).

The contract with Erdenes Tavan Tolgoi, the state-owned company that owns the project, was signed on Thursday.

According to Macmahon, it and Operta are in discussions with potential financiers over funding for equipment for a ramp-up in contract production rates, which are expected to be concluded in the first half of next year.

Source: http://www.theaustralian.com.au/business/mining-energy/macmahon-operta-sign-490m-deal-for-mongolian-coal-mining/story-e6frg9df-1226167123873