Mining giant Rio Tinto has paid more than $1.31 billion for 510 million Turquoise Hill shares under a rights issue, clearing the slate as it develops the Oyu Tolgoi mine in Mongolia.Rio said the $CAN1.292 billion ($1.31 billion) purchase represented
Undur Tolgoi Minerals Inc. (“UTM” or the “Company”) (cnsx:UTM) has announced that effective on January 7, 2014, the Company has changed its name to “Khot Infrastructure Holdings, Ltd.” to have its name better reflect the Company”s new focus on cash
An extended Exhibition Fair of Milk and Meat Products in advance of the Mongolian traditional holiday, Tsagaan sar, has been organized in six districts in Ulaanbaatar in accordance with the order by Capital City Governor and Mayor of Ulaanbaatar, Bat-Uul
An extreme sports amateur team of athletes climbed to the peak of the Hentii Mountains, Asralt Khairkhan at 2800 meters, and went down by snowboard. The team included 25 climbers from Orkhon province, the Mongolian Professional Snowboard Federation and the
One of the key events in the Mongolian mining sector, the Miner & Supplier Conference and Exhibition, will be organized by the Ministry of Economic Development and Mongolian Mining Exchange at the Chinggis Khaan Hotel in Ulaanbaatar on March 13th
Mongolian Airlines, MIAT, is planning to go public and has hired a multinational investment firm to help with the process. After MIAT has had the company evaluated, the board will decide whether to list its 49 percent shares on the
The International Federation of Associated Wrestling Styles (FILA) have announced the latest freestyle wrestling world rankings for 2013. This time 15 Mongolian wrestlers, including 8 female and 7 male wrestlers, have been ranked in the top 15 of the FILA
The National Trauma and Orthopedic Research Center has warned citizens to be cautious of possible slips, trips and falls, and to avoid sleeping drunk outside in the freezing cold that may cause the loss of hands and feet. During these
Mongolia’s export income slipped 2.6 percent last year amid a decline in shipments of coal, the nation’s biggest earner.Earnings were $4.27 billion in 2013, compared with $4.38 billion a year earlier, the National Statistics Office said on its website. Coal
Centerra Gold said its Kumtor and Boroo mines produced a total of 690,720 oz of gold in 2013. The Kumtor mine in the Kyrgyz Republic produced the lion”s share – 600,402 oz – and the Boroo mine in Mongolia contributed
