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Tag: mongolia

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Mongolian Government threatens to terminate investment deal for Oyu Tolgoi mine

Mongolia’s Oyu Tolgoi the world’s largest copper-gold-silver mine is expected to produce 480,000 tonnes of copper per year on average from 2028 to 2036...

Xanadu to raise money for copper-gold exploration in Mongolia

In order to fund exploration work at the Kharmagtai copper/gold project, in Mongolia, copper explorer Xanadu Mines will raise A$10.2-million in a share placement....

Rio Tinto signed financing deal with Turquoise for Mongolia’s Oyu Tolgoi expansion project

Claimed to be the world’s largest new copper-gold mines, the Oyu Tolgoi mine is located in Mongolia’s South Gobi region, approximately 550km south of...

Rio Tinto in Mongolia faces class action suit over Oyu Tolgoi copper project

Rio Tinto operates the mine via its Canadian subsidiary Turquoise Hill, which owns 66% of Oyu Tolgoi. The rest of the mine has been...

Unique mining opportunities in Mongolia

Mongolia’s mineral wealth — primarily coal, copper and gold — has been valued between US$1 trillion and US$3 trillion. The mining industry employs 3.6...

Due to mining boom in Mongolia a river diversion is being planned

Before 2000 there were no mines in South Gobi apart from the state-run Tavan Tolgoi coal mine. But over the past two decades, foreign...

Mongolia asks for better deal with Rio Tinto for copper mine expansion

Mongolia is seeking agreement with Rio to terminate a deal to expand the mine and replace it with a new pact that offers better...

“Undermining Mongolia” report shows the country is forced to give up control over its natural resources

Leaked documents expose how mining companies Rio Tinto and Turquoise Hill Resources, the US embassy, the IMF and the World Bank compelled the Mongolian...

Turquoise Hill wins in dispute with Rio Tinto over mine in Mongolia

The temporary relief granted to the Vancouver-based miner Turquoise Hill Resources in the arbitration proceedings against Rio Tinto, prevents the mining giant from restricting...
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