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Rio Tinto restarts Mongolian copper project

Rio Tinto, a Toronto listed mining group, is once again going ahead with its most important growth project, the Oyu Tolgoi copper mine in Mongolia.

The project began after the company reached an agreement with the government of Mongolia, and solved

SouthGobi hopes to increase coal production 600%

SouthGobi Energy Resources, 79 percent-owned by Ivanhoe Mines, aims to boost its coal production in the Gobi desert by more than sixfold to 8 million metric tons by 2012, CEO Alexander Molyneux has said at a media briefing at the

Tuvshinbat wins gold and best boxer award in Karachi

B. Tuvshinbat of Mongolia was given $2,500 as the best boxer at the Shaheed Benazir Bhutto International Boxing tournament which concluded in Karachi last week. The tournament ended with China claiming four gold, one silver and two bronze medals to

Ivanhoe raises speculation as it seeks new options

Colorful dealmaker Robert Friedland is seeking new options for his current venture, Ivanhoe Mines, as it starts building a massive copper-gold mine near Mongolia”s border with resource-hungry China. The company, which has partnered with mining giant Rio Tinto in Mongolia,

Copper rises to new highs

Copper rose to new multi-month highs on Wednesday, as bullish market sentiment was reinforced by upbeat US new factory orders data, aided by concerns over harsh cold weather in parts of China. Shanghai copper thus staged 10 consecutive days of

SouthGobi sells Indonesian project to concentrate on Mongolia

SouthGobi Energy Resources has sold a coal project in Indonesia to concentrate on its property in Mongolia. “The sale will enable SouthGobi management to further focus on our Mongolian operations and projects,” a company statement said.

Canadian company and Monnis to work jointly in gold exploration

Jinshan Gold Mines Inc. has entered into a memorandum of understanding with Monnis International Inc. to jointly explore and develop gold projects in Mongolia.
Since its establishment in 1998 as an official distributor of Nissan Motor Co. in Mongolia, Monnis

Gulfside Minerals completes Onjuul Phase 1 drilling

Gulfside Minerals Ltd., which owns the Onjuul coal project, has reported the successful completion of Phase 1 of its drilling program there. Ten holes have been completed in this phase, and 10 or more holes are planned to be completed

Goat population decreases for the first time since 2002

The final result of the livestock census reveals that Mongolia has 43 million 657 thousand livestock, a figure that is up by 0.9 percent compared to last years’s.
This number includes 275.1 thousand camels, 2206.7 thousand horses, 2579.6 thousand cattle,

State Universities could be merged

The Ministry for Education, Culture and Science will submit to the Government on January 20 a new set of proposals relating to accreditation of universities and institutes. According to the Vice Minister for Education, Culture and Science, Ch.Kulanda, the proposals

President rebukes adviser for failure in the veto issue

Parliament’s rejection of the President’s veto on the State Budget for 2010 means that every MP will now get MNT1 billion to spend in their constituency. The President was against this but he is not blaming Parliament for not agreeing