24 Nov 2010

Mongolia to Sell $500-$600 MLN Bond Early-2011-Central Bank, Reuters

By Carolyn Cohn. LONDON, Nov 24 (Reuters) - Mongolia may launch its debut international bond early next year and the deal should total around $500 million to $600 million, a central bank official said on Wednesday. "We believe a good size for the bond would be $500-$600 million, maximum $700 million. I think it will be at the beginning of ...
19 Nov 2010

Garrison Announces Results of Geophysics Survey ar Tuvshir, Results of Shareholders' Meeting, Issuance of Shares for Debt and Loan Details

marketwire Garrison International Ltd. (TSX VENTURE:GAU) is pleased to announce that the initial Induced Polarization Gradient Array (IPGA) geophysics survey has been completed over the major areas of interest within Garrison's Tuvshir Project's northern exploration and mining licenses. A Mongolian geophysics company, GPGD LLC, which specialises in Induced Polarization surveys was contracted to conduct the IPGA program. Approximately 90 line ...
19 Nov 2010

Centerra Tries to Calm Fears, but Shares Drop

Reuters Shares of Centerra Gold fell nearly 7 percent on Thursday on concern about political risk in Mongolia even as the company said its Gatsuurt project was not on the Asian country's list of licenses to be revoked. Toronto-based Centerra has four licenses on the list, but it said none of them are material to the company. The company had ...
19 Nov 2010

Garrison Announces Results of Geophysics Survey at Tuvshir, Results of Shareholders' Meeting, Issuance of Shares for Debt and Loan Details

marketwire Garrison International Ltd. (TSX VENTURE:GAU) is pleased to announce that the initial Induced Polarization Gradient Array (IPGA) geophysics survey has been completed over the major areas of interest within Garrison's Tuvshir Project's northern exploration and mining licenses. A Mongolian geophysics company, GPGD LLC, which specialises in Induced Polarization surveys was contracted to conduct the IPGA program. Approximately 90 line ...
19 Nov 2010

Meritus Publishes

Marketwatch Meritus Minerals Ltd. (MML) (TSV: MER) has received analytical results from an additional eleven holes from its diamond drilling program on the Toordogiin Shil Prospect, Gutain Davaa Project in northern Mongolia. Four holes were drilled into the footwall zone of the fault referred to in our previous news release of November 5th, 2010, now referred to as the Saddle ...
19 Nov 2010

Rdene Provides Project Updates and Third Quarter Financial Results 2010 Third Quarter Highlights

Marketwatch (TSX:ERD) --  Pre-feasibility studies continue on Donkin Coal Project, expected to be finalized    within the fourth quarter, 2010. --  Work continues on Zuun Mod Molybdenum Project in Mongolia with a 4,000-metre drilling program announced to test molybdenum and copper targets. --  Throughout the quarter, exploration programs, including geophysical surveys and drilling, were carried out over new coal and metals ...
19 Nov 2010

Government of Mongolia to Cancel 1782 Mining Licenses, 254 Now.

The Minister of Mineral Resources and Energy, D.Zorigt, told media that the total number of mining licenses is 4,000 at present. To start with, 254 gold mining licenses will be canceled. Their names will be announced in due course.  Most of the canceled licenses are in Selenge, Bulgan, Tuv, Uvurkhangai, Darkhan-Uul, Arkhangai, Bayankhongor and Khentii aimags. The largest mines are ...
19 Nov 2010
Mongolian President Expresses Expectations for Japanese Companies

Mongolian President Expresses Expectations for Japanese Companies

The president of Mongolia Tsakhia Elbegdorj, currently visiting Japan, made a speech in Tokyo on November 16 and expressed his hope for the participation of Japanese companies in the exploration, processing and shipping of rich deposits of uranium and rare earth elements in Mongolia. Speaking at a forum hosted by a group of organizations including Japan External Trade Organization (JETRO), ...
16 Nov 2010

Mongolia to Choose Tavan Tolgoi Coal Mine Contractor This Month, Bloomberg

Mongolia will use a bidding process this month to choose a contractor to mine in Tavan Tolgoi, a region with one of the world’s largest untapped deposits of coal for making steel, a Ministry of Finance official said. “The auction will be decided by the end of this month and the operation of the mine will be handed over as ...
16 Nov 2010

Amec Awarded Oyu Tolgoi Underground Mining Project in Mongolia, Amec

AMEC, the international engineering and project management company, has been commissioned by Oyu Tolgoi LLC to undertake the feasibility study for Lift 1 of the underground Hugo North b# # LOCK cave operation of its copper and gold mining project in Mongolia. The value of AMEC’s contract has not been announced. Over the next  25 months, AMEC will work with ...