Global miner Rio Tinto said on Tuesday it would step up cost cuts because of an uncertain near-term outlook that includes lower growth this year in China, the world”s largest consumer of key commodities.Rio said it had already made annual
Erdene Resource Development Corp. (ERD.TO) has initiated a further round of drilling on its 100% owned Altan Nar project in southwestern Mongolia.The current drilling program was started on October 7 and is expected to include up to 20 shallow holes,
Turquoise Hill Resources said construction of power transmission lines for its Oyu Tolgoi copper-gold project in Mongolia has been completed and it was confident of receiving electricity from China.Oyu Tolgoi, located 80 km (50 miles) north of Mongolia”s Chinese border,
British anti-poverty charity Oxfam has made its first venture into corporate finance with a £1m loan to a Mongolian machinery and equipment leasing company.The loan is being made by the Small Enterprise Impact Investing Fund – a joint initiative between
Diversified miner Rio Tinto said Tuesday it expects its copper output to start rising again in 2013 following three straight years of decline, thanks to improving ore grades and the start of its Mongolian mine.”Rio Tinto”s copper production is expected
Workers of the100 percent Chinese invested PetroChina Daqing Tamsag LLC, which runs petroleum operations in Dornod aimag, are making a call to strike on October 10th in order to have wages increased and conditions improved.The Union of Mongolian Transportation, Refinery
President Ts.Elbegdorj met with Jens Stoltenberg, the Prime Minister of Norway,during his official visit to the Kingdom of Norway. At the beginning of the meeting the President briefly introduced Mongolia’s economy and its social and political condition. The President was
A local reporter was informed of an incident between two passengers who landed at the ChinggisKhaan airport on the morning of October 9th. The two men, who began fighting after a verbal argument, arebelieved to be employees of OyuTolgoi as
Over 46,000 public officials throughout the nation have been asked submit income statement documents to the Anti-Corruption Authortiy. The majority of the officials have cooperated but 96 officials refuse to submit the requested documents. Eighty of these officials are local
The secretary of the General Election Committee, Ch.Sodnomtseren, who replaced N.Luvsanjav, the chairman of General Election Committee,took oath and accepted his position. Our journalists were present to question the newly appointed Chairman of the General Election Committee about the upcoming
