The company earned six honors for environmental excellence in the United States, Australia and Mongolia.
26 Jan 2012
Kazakhstan, Mongolia Increased Bullion Reserves in December
Kazakhstan and Mongolia added to their gold reserves in December as the precious metal advanced for an 11th consecutive year, according to the International Monetary Fund.
Resource giants power on
Resource giants power on
IT'S NOT often the opportunity presents itself for a ringside seat in a winner-takes-all contest between Australia's resource giants and the guardians of global finance. In the past week, however, the World Bank and the International Monetary fund have locked horns with the world's two biggest mining operators, Australian-domiciled BHP Billiton and Rio Tinto, about the direction of the global economy.
Read more: http://www.brisbanetimes.com.au/business/resource-giants-power-on-20120125-1qhn9.html#ixzz1kcjxHbAD
24 Jan 2012
Ivanhoe Mines negotiates an additional bridge financing plan for Oyu Tolgoi
Mr David Huberman chairman of Ivanhoe Mines announced that the company's Board of Directors has received a progress report from its Special Finance Committee on the status of a comprehensive financing plan to cover the completion of the first phase of the Oyu Tolgoi mining complex in southern Mongolia through to the projected start of commercial production of copper, gold and silver in 2013.
19 Jan 2012
Mining Report: Rio Tinto Pumping Out Iron, Denison to Explore Mongolia (AMEX:DNN, NYSE:RIO) | Wall St. Cheat Sheet
Denison Mines (AMEX:DNN) anticipates a 40% increase in uranium production this year over last. The intermediate uranium producer also announced plans to “aggressively” pursue projects in the U.S., Canada, Mongolia and Zambia.
Mining Report: Rio Tinto Pumping Out Iron, Denison to Explore Mongolia (AMEX:DNN, NYSE:RIO) | Wall St. Cheat Sheet
10 Jan 2012
CORRECTION FROM SOURCE: Entree Discovers New High Grade Gold Zone at Shivee West, Mongolia - MarketWatch
Entree Gold Inc. has received final results from the recently completed work program on its 100%-owned Shivee West project in Mongolia.
Read more: CORRECTION FROM SOURCE: Entree Discovers New High Grade Gold Zone at Shivee West, Mongolia - MarketWatch
Mongolia’s Quest to Balance Human Development in its Booming Mineral-Based Economy - Brookings Institution
"Both the Asian Development Bank and the Economist Intelligence Unit are predicting a 2012 growth rate of 15 percent, and other forecasters contend that if Mongolia’s informal economy is taken into account the growth rate could approach 40 percent. Mining experts estimate that the country possesses as much as $1 trillion worth of untapped precious metals and minerals in at least 6000 sites. That works out to potentially over $333,333 per every man, woman and child in the country."
Garrison Announces Name Change and Share Consolidation - MarketWatch
Garrison International Ltd. is pleased to announce that effective today the Company's name has been changed to "Desert Eagle Resources Ltd." and the Company's common shares will trade on the TSX Venture Exchange under its new ticker symbol, "DER".
8 Jan 2012
Mongolia Mining Report Q1 2012 by Business Monitor International
| MarketResearch.com: Mongolia's mining sector is set to grow at an average annual real rate of 25.2% from 2010 levels to reach US$12.8bn by 2015. Growth will be led by a rampant increase in coal, copper and gold production. The bulk of this growth will occur in 2013 as the Oyu Tolgoi copper-gold mine begins commercial production. There is an upside risk to our forecast as development of the massive Tavan Tolgoi mine could commence in the coming years. More information, please visit Mongolia Mining Report Q1 2012 by Business Monitor International |
5 Jan 2012
China's Nov coal output rises 4.4 pct to 321 mln T
SHANGHAI Jan 4 (Reuters) - China's raw coal production in November rose 4.4 per cent from a year ago to reach 321 million tonnes, while total output in the first 11 months of the year rose 11.6 per cent to 3.46 billion tonnes, an industry website said on Wednesday.
Of the total year-to-date output, that from main state-owned coal mines reached 1.77 billion tonnes, up 12.1 per cent from the same period last year, industry portal SXCOAL.com said, citing data from the China Coal Industry Association.
Following a two-year consolidation of the coal sector in Shanxi province, China's coal heartland, output has increased strongly as better technology boosts production efficiency. Consolidation efforts have also spread to neighbouring coal-producing regions such as Shaanxi and Inner Mongolia.
Read more: please visit http://af.reuters.com/article/commoditiesNews/idAFL3E8C43SQ20120104?sp=true
2 Jan 2012
Prophecy Coal Obtains Credit Facilities Totaling $7 Million To Advance Chandgana Project
Prophecy Coal Corp. is pleased to announce that it has executed a term sheet for a secured debt facility of up to $5 million (the "Debt Facility") with a leading resource lender and a $2 million inter-company loan facility agreement (the "Inter-Co Facility") with its controlled affiliate, Prophecy Platinum Corp. The Debt Facility is currently subject to completion of the lender's due diligence, TSX approval and completion of customary credit documentation.