Erdene Resource moving forward with flagship project in Mongolia

Canada’s Erdene Resource Development (TSX:ERD), the company that literally struck gold earlier this year after finding its new Mongolia-based gold project was richer than previously thought, expects to move Bayan Khundii towards its maiden resource estimate by 2018. The firm, one of the very few miners to never have encountered issues in the landlocked Asian country, was granted[…]

Erdene new gold zone at Mongolia Bayan Khundii project larger than expected

Canada’s Erdene Resource (TSX:ERD), one of the very few miners to never have encountered issues in Mongolia, unveiled Tuesday results for nine diamond drill holes from its step-out program at Bayan Khundii gold project, which shows a discovery made in October is larger than originally thought. The project, now Erdene’s flagship venture, has grown to prominence[…]

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Mining giant Rio Tinto (LON, ASX:RIO) has once again reshuffled its top management team, replacing a senior executive and adding a new member as the company deals with a probe into a questionable payment made to an external consultant over the Simandou iron ore project in Guinea. Chief executive officer Jean-Sébastien Jacques, who took the helm[…]

World’s longest traffic jam points to Mongolia recovery

Over 60 kilometers, they line up: truck after truck, after truck. Nearly every one of them is laden with coal. The world’s longest tailback has been building for months and has varying drivers: first, China’s drought prompted Beijing to slash water-intensive coal production; last, President-elect Donald Trump fanned revival for the least loved of commodities[…]

Mongolia readies to revive its giant Tavan Tolgoi coal mine

Cash-strapped Mongolia is planning to bring back to life the long-delayed and massive Tavan Tolgoi coal project in the south Gobi desert, as the land-locked country looks for ways to revive its ailing economy. As a first step, Erdenes Tavan Tolgoi (ETT), the state-owned company that holds the license to the deposit, has already begun[…]