France’s $1.6 billion uranium deal with Mongolia faces delays
France said in October it wants to give landlocked Mongolia, which is situated between Russia and China, “the means to benefit from greater strategic sovereignty” in the face of “two extremely powerful neighbors.”
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Mongolia, Rio Tinto have resolved nearly all copper mine tax issues
Mining News Pro - Mongolia has settled almost all of its outstanding tax issues with Rio Tinto over development of the giant Oyu Tolgoi copper mine and is confident that the remaining issues will be resolved, the country’s prime minister told Reuters.
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Visit: 184
Mongolia, Rio Tinto have resolved nearly all copper mine tax issues- PM
Mining News Pro - Mongolia has settled almost all of its outstanding tax issues with Rio Tinto over development of the giant Oyu Tolgoi copper mine and is confident that the remaining issues will be resolved, the country’s prime minister told Reuters.
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Visit: 207
Mongolian PM discusses EV investment, cooperation with Elon Musk
Mining News Pro - Mongolian Prime Minister L. Oyun-Erdene and Tesla CEO Elon Musk discussed potential investment and cooperation in the electric vehicle sector at a virtual meeting on Tuesday, a statement issued on behalf of the Mongolian government said.
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Visit: 179
Rio Tinto plays chancy round of Mongolian roulette
Mining News Pro - Given the buyout mess, Stausholm may regret not opting for a rights issue at the onset. It was always apparent Pentwater might have Rio over a barrel. The battle has damaged Rio’s board. With minimal net debt, the miner had enough cash to buy more Turquoise Hill equity.
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Visit: 296
Mongolia, The news source of minerals for Germany
Mining News Pro - European Commission President Ursula von der Leyen said last month that commodities like lithium and rare earths will soon be more important than oil and gas.
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Visit: 660
Mongolia urges transparency as Rio Tinto seeks control of Oyu Tolgoi
Mining News Pro - A top official at the giant Oyu Tolgoi copper-gold mining project in Mongolia has called for greater transparency and more power to the local management, as global miner Rio Tinto looks to buy out the troubled project.
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Visit: 482
Zijin invests in Xanadu to ink copper-gold resources in Mongolia
Mining News Pro - Chinese miner Zijin Mining Group Co Ltd said on Wednesday that it would buy stake in Xanadu Mines Ltd with an eye toward obtaining its copper and gold resources in Mongolia.
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Visit: 298
Battery Metals Royalties to acquire 45% interest in Mongolian coal assets from Silver Elephant Mining
Mining News Pro - Silver Elephant Mining and Battery Metals Royalties have announced that they have entered into a binding letter of intent pursuant to which Battery proposes to acquire a 45% equity interest of Silver Elephant’s wholly owned Mega Thermal Coal Corp. (formerly Asia Mining Inc.), which owns and operates the Ulaan Ovoo and Chandgana thermal coal mines in Mongolia through Mega Coal’s wholly-owned Mongolian subsidiaries for $6.3 million.
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Visit: 633
Russian fuel supply latest headache for Rio Tinto’s giant Mongolia copper expansion
Mining News Pro - Rio Tinto is working to avoid a fresh challenge at its giant Oyu Tolgoi copper-gold mine in Mongolia by keeping relationships with Russia steady, as the company seeks to ensure supplies of fuel and other goods to the site.
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Visit: 380
Rio Tinto and Mongolia settle feud over Oyu Tolgoi copper mine
Mining News Pro - Rio Tinto Plc and the Mongolian government said on Tuesday they have reached an agreement to end a long-running dispute over the $6.93 billion expansion project for the Oyu Tolgoi copper-gold mining project.
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Visit: 426
Rio Tinto and Mongolia settle feud over Oyu Tolgoi copper mine
Mining News Pro - Rio Tinto Plc and the Mongolian government said on Tuesday they have reached an agreement to end a long-running dispute over the $6.93 billion expansion project for the Oyu Tolgoi copper-gold mining project.
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Visit: 665
Rio Tinto ready to cut rates on loans to Mongolia for Oyu Tolgoi development
Mining News Pro - Global miner Rio Tinto is willing to cut interest rates on loans to the Mongolian government, given to fund its share of the construction costs at the Oyu Tolgoi copper/gold mine, the Financial Times reported on Monday.
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Visit: 613
Rio Tinto mismanagement caused cost overrun at Mongolian mine
Mining News Pro - An expert group reviewing the cause of a $1.4 billion cost overrun at a Mongolian mine run by Rio Tinto said it was caused by the miner’s mismanagement, the Wall Street Journal reported on Monday, citing a report.
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Visit: 651
Mongolia threatens to cancel Oyu Tolgoi investment agreement
Mining News Pro - The Mongolian government has threatened to declare the 2009 Oyu Tolgoi mine investment agreement void if an international tax arbitration is not dismissed.
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Visit: 652
Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal
Mining News Pro - Rio Tinto and the Mongolian government are said to have reached a new agreement governing the $6.75 billion expansion of the vast Oyu Tolgoi copper-gold mine in the Gobi Desert.
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Visit: 534
Governments from Mongolia to Mali seek to reopen mining deals
Mining News Pro - Some resource-rich developing countries are seeking to rewrite mining contracts and accelerate dividend payouts, which can take years to materialize under deals that experts said are tilted in companies` favor.
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Visit: 575
Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi deal
Mining News Pro - Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (ASX, LON, NYSE: RIO) governing a $6.75 billion expansion of the Oyu Tolgoi copper mine in the Gobi Desert, as it looks to replace it with a new agreement.
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Visit: 575
Mongolia seeking pact with Rio Tinto to end copper mine expansion
Mining News Pro - Mongolia`s government is seeking an agreement from miner Rio Tinto to terminate a deal to expand the Oyu Tolgoi copper mine in the Gobi Desert, the Financial Times said, citing people with knowledge of the situation.
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Visit: 616
Turquoise Hill scores win in funding dispute with Rio Tinto over Mongolia mine
Mining News Pro - Canada’s Turquoise Hill Resources has scored a temporary, but key win in its ongoing dispute with Rio Tinto over funding of the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.
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Visit: 598
Turquoise Hill seeks interim order against Rio over Mongolia mine funding
Mining News Pro - Canada’s Turquoise Hill Resources is seeking an interim order in its arbitration against Rio Tinto as some of the top miner’s actions could limit Turquoise Hill’s funding options for the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.
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Visit: 564
Stakes high for Rio Tinto, Mongolia as Oyu Tolgoi talks loom
Mining News Pro - The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks to find a way to improve the government’s financial benefits from an ongoing underground expansion.
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Visit: 823
Mongolia may revoke Rio Tinto’s plan for Oyu Tolgoi
Mining News Pro - The Government of Mongolia may cancel and replace the development and financial plan for the country’s vast Oyu Tolgoi copper-gold mine, Canada’s Turquoise Hill said on Monday.
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Visit: 616
Erdene shares up on new discovery in Mongolia
Mining News Pro - Erdene Resource Development announced on Wednesday a new gold discovery 3.5 km north of its Bayan Khundii project in Mongolia.
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What’s behind a feud at Rio Tinto’s copper mine in Mongolia
Mining News Pro - Canadian mining company Turquoise Hill Resources Ltd is locked in a feud with its largest shareholder, Rio Tinto Plc, over the underground expansion of its massive Oyu Tolgoi copper mine in Mongolia.
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Visit: 541