Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
With uranium demand set to be strong in the coming decades, Mongolia is positioning itself as a strategic player and a significant contributor in the global climate effort.
On Friday, Russian President Vladimir Putin approved the launch of a feasibility study for the Power of Siberia-2 Pipeline to export natural gas from Russia’s Western Siberia to China, Xinhua reports.
Russian gas giant Gazprom has conducted preliminary technical and economic
Earlier today (30 March), Mongolia resumed coal deliveries to China through the Shiveekhuren border crossing in the South Gobi province. The Gashuunsukhait border crossing which was closed for two months due to Covid-19, was re-opened on March 23 to restore
The Mongolian province of Zavkhan, located in the west of the country, is implementing many new projects aimed at become a net meat producer and not a consumer.
For example, a new meat producing plant with a daily capacity for slaughtering
The pace of poverty reduction has slowed down despite robust macroeconomic growth, indicating that Mongolia is struggling to translate the benefits of macroeconomic growth into improvements in household welfare, especially for the poor. This was jointly concluded by the National
Mongolian Prime Minister U.Khurelsukh held a press conference at 3.00 p.m. in order to outline the decisions made by Cabinet at the meeting today (27 March). Cabinet has approved a MNT 5.1 trillion financial support package for enterprises and Mongolian
Mongolia will purchase the most needed medical diagnostic equipment with funding provided by the World Bank. The World Bank has mobilized US$2.2 million to help strengthen Mongolia’s hospital services in the wake of the COVID-19 pandemic.
This immediate financing is being
Aspire Mining Ltd has received an 18-month extension until 18 September 2021 to prepare the legal and other necessary actions required prior to the construction of the Erdenet to Ovoot railway. This railway is considered critical infrastructure for the full-scale
Canadian invested ‘Steppe Gold’ reported that it had mined, crushed and stacked approximately 533,000 tonnes of gold ore at a grade of 2.0g/t gold.
At an expected gold recovery rate of 70%, Steppe already has 24,000 ounces of leachable gold on