Tag Archives: Mongolia Mining

Eight New Gates Open for Coal Transportation Between Mongolia and China

Jun. 11 – The recent opening of eight new border gates between Mongolia and China exclusively for coal transportation will significantly increase coal export capacity between the two nations, SouthGobi Resources Ltd. said in a statement. Coal was previously transported out of Mongolia at Shivee Khuren-Ceke through a single gate approximately eight meters wide, which would allow empty trucks into Mongolia in the mornings and loaded trucks into China in the afternoons, the company said in a Hong Kong stock exchange filing.

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Altain Khuder Miner to be Listed in Hong Kong in 4Q 2012

May 24 – Macquarie and Bank of America-Merrill Lynch have been appointed joint global coordinators and bookrunners for the proposed listing of Mongolian iron ore miner Altain Khuder, a person familiar with the matter told Deal Journal Australia. Altain Khuder is one of Mongolia’s largest iron-ore miners, which owns the Tayan Nuur iron ore mine in the southwest of the country. The company is planning to raise about US$300 million through a Hong Kong initial public offering (IPO).

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Mongolia’s Oyu Tolgoi Copper-Gold Mine on Track for 2012 Start

Apr. 3 – Ivanhoe Mines has reported that construction of the Oyu Tolgoi (OT) copper-gold mining complex is advancing toward its planned start-up in 2012 with commercial production scheduled for the first half of 2013. The project is currently 72.7 percent complete, according to the company. Ivanhoe, which began investing in the project in April 2011, has spent US$4 billion on the Oyu Tolgoi complex. In total, including drilling exploration and preparation work on the mine, the company has currently spent US$10 billion on the project. OT – located 550 kilometers south of Ulaanbaatar and 95 kilometers from the China-Mongolia

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Mongolia’s Tavan Tolgoi to be Listed Ahead of Parliamentary Elections

Jan. 30 – The government is looking to launch an initial public offering of Erdenes Tavan Tolgoi ahead of parliamentary elections in June, while experts have warned that the coal deposit will raise much less than expected if listed in a hurry. “We are trying to go for the IPO before the elections,” a senior Mongolian government official said, adding that a ministerial reshuffle is likely to occur this week, after which a task force would be set up to look into the IPO process. The world’s largest coking-coal deposit of Tavan Tolgoi, located in the South Gobi Desert near

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