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[…]

$50 trillion in new investment needed to match global energy demand in next 20 years: Rio Tinto director

Global energy markets will need around $50 trillion in new investment to fund expected growth in energy demand over the next two decades, according to one of Australia’s pre-eminent business and industry experts. Such investment would be needed to fund an energy market expected to grow by 40% through until 2035 – with that higher[…]