Mongolian mining news

Rio Tinto and Turquoise Hill Resources have entered into an MoU to progress the financing for completion of the Oyu Tolgoi Underground Project in Mongolia.

The FAMUR Group decided to adjust its production structures to the changing market needs following the economic slowdown in the mining industry and COVID-19 pandemic.

Erdene’s positive bankable feasibility study demonstrates a high-grade, shallow opencast mine with strong NPV, IRR and low initial capital investment.

Erdene Resource Development Corp. has recently announced drilling results from the Midfield Southeast zone of the company’s 100%-owned Bayan Khundii Gold Project.

Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi.

Weir Minerals has been working with miners in Mongolia for more than two decades, beginning with the Oyu Tolgoi mine.

SouthGobi Resources Ltd. has announced the appointment of Jianmin Bao as a non-executive director of the company.

Rio Tinto is working with the Government of Mongolia to ensure Oyu Tolgoi is operating in accordance with the restrictions the Mongolian authorities have put in place to contain the spread of COVID-19.

Rio Tinto has noted the unanimous approval by the Mongolian parliament of a resolution that instructs the government to look for ways to improve the implementation of various legislations.

Thiess’ Erdenetsetseg Narantsatsralt is part of the first wave of women legally allowed to work underground in Mongolia.