21 Dec 2010

Prophecy Files Amended and Restated Financial Statements

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/20/10 -- Prophecy Resource Corp. ('Prophecy' or the 'Company') (TSX VENTURE: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) has filed on SEDAR amended and restated unaudited interim financial statements and management's discussion & analysis ('MD&A') (collectively the 'Amended Documents') for the interim period ended June 30, 2010. The Corporation is filing the Amended Documents following a review by ...
21 Dec 2010

Denison Mines Corp. Files Qualifying Prospectus in Canada

TORONTO, ONTARIO -- (Marketwire) -- 12/20/10 -- Denison Mines Corp. (TSX: DML)(NYSE Amex: DNN) ('Denison' or the 'Company') is pleased to announce that it has filed and obtained a receipt for its final short form prospectus qualifying for distribution in Ontario, Alberta, British Columbia and Nova Scotia: (i) 25 million common shares (the 'Common Shares') of the Company issuable upon ...
14 Dec 2010

Russia and Mongolia Reach Agreement on Uranium Deposit, Bloomberg

December 14, 2010. Russia and Mongolia signed an agreement on the principals of creating a joint venture to develop the central Asian country’s biggest untapped uranium field, the Dornod resource. The agreement was signed in Moscow today by Rosatom Corp., Russia’s nuclear power company, Russia’s government-run ARMZ Uranium Holding, Mongolia’s state-owned KOO MonAtom and the country’s nuclear agency. Russian investment in the first ...
14 Dec 2010

Gankhuyag New Vice Minister of Finance, News.mn

In December, the Government of Mongolia named Ganhuyag Chuulun Hutagt, or Gan, a founder and CEO of XacBank and then CEO of Tenger Financial Group, as the new Vice Minister of Finance. Gan has also been economic policy advisor of the Prime Minister since 2009. This appointment marks a return to government work for Gan, who earlier worked as a ...
13 Dec 2010

Ivanhoe Approves $2.3-Billion for Mongolian Mine, The Canadian Press

Dec 13, 2010. Ivanhoe Mines (IVN-T24.730.492.02%) has approved a $2.3-billion (U.S.) capital budget for continuing construction at its Oyu Tolgoi copper and gold mine in Mongolia. The Vancouver-based miner says it expects next year to see peak construction on the first phase of the mine, which employs 3,000 Mongolians near the country's border with China. Ivanhoe holds a 66-per-cent stake in the ...
12 Dec 2010

Ivanhoe and Rio Tinto Call Truce Over Financing Pact, Reuters

Mongolia's huge Oyu Tolgoi copper-gold mine moved a step closer to getting built after Ivanhoe Mines (IVN.TO: Quote) and partner Rio Tinto (RIO.L: Quote) put aside an ongoing spat on Wednesday and agreed on a new financing plan. Ivanhoe Mines said Rio, its largest stakeholder, has agreed to provide up to $1.8 billion in interim financing to continue development work ...
05 Dec 2010
Gankhuyag is Attending Seoul/Paris G20 Initiative Meeting

Gankhuyag is Attending Seoul/Paris G20 Initiative Meeting

As one of the Young Global Leaders chosen by the World Economic Forum (WEF), Chief Executive Officer of TenGer Financial Group LLC and part-time advisor to the Prime Minister of Mongolia, Ganhuyag Chuluun is taking part in a Young Global Leaders’ gathering in Seoul to develop agenda for the Group of 20 summit for the next year. The initiative was ...
01 Dec 2010

Toshiba to Source Rare Earth in Mongolia

Toshiba has signed a Memorandum of Understanding with Mongolia to talk about co-development of  Mongolia’s mineral resources, including uranium, rare earth and rare metals. Earlier this month China, which controls some 97% of rare earth production, stopped rare earth exports to Japan. China has also reduced rare earth exports generally by 40% in 2010, and the US government is considering ...
01 Dec 2010

Voyager Resources Acquires Major New Copper-Gold Project

“This is a significant transaction which Voyager believes has the potential to be a company making acquisition,” said MD Kell Nielsen on Wednesday. The company already owns four projects in Mongolia. Voyager is mobilising a drilling rig to start a drill-out of the project, which has an exploration target of between 100-million and 200-million tons, grading between 0,7% and 1% ...
01 Dec 2010

Who has the Real Power in Mongolia

This is probably the most difficult question for foreign investors. There are several ways to start to think about investing in Mongolia. Sometimes, you will meet Mongolians in your country; or you might be invited to Mongolia for some reason. Of course, foreigners will think the way he/she thinks due to their national background. Russians, Central Asians will think that ...