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.
The Oyu Tolgoi copper and gold mining complex, released the latest edition of its scorecard on 23 April, providing its performance for first quarter of 2019.
-Copper production reached 45,800 tonnes; an increase of 18.2 percent on the first quarter of
Editor’s Note: Doubts have again been raised over the Belt and Road Initiative’s goals, with some calling it a “debt trap” for participating countries and China’s “geopolitical expansion tool”. Why are anti-China elements using such ploys to malign China? And
A train stops at the Idu Railway Station in Abuja, Nigeria on July 26, 2016. The Abuja–Kaduna Railway is the first standard gauge railway in Nigeria. [Photo/Xinhua]The Abuja–Kaduna Railway, as the first segment of the Lagos–Kano standard gauge project, the
The Russian automobile producer AutoVAZ will start selling Lada Xray Cross, Largus, Lada 4×4 and Granta models on the primary market in Mongolia by 2020. According to the Russian Embassy in Ulaanbaatar, sales will be implemented in accordance with the
Mongolia’s coal exports rose 15 percent on the year to 7.8 million tonnes in the first quarter, with the country benefiting from customs delays impeding imports from Australia during the period. Export earnings from coal over the first three months
The European Bank for Reconstruction and Development (EBRD) has signed an agreement worth USD 300 million with the Mongolian government to help the country improve its infrastructure.
The money will be spent on projects and programs in road and transport and
The Mongolian Central Bank has launched a plan to last for six months that aims at promoting the sale of gold by gold miners and individuals to banks. Gold purchase at the Central Bank has declined sharply since the beginning