RIO TINTO NEAR OYU TOLGOI FINANCE DEAL


(1 Dec 2015) Rio Tinto is just weeks away from signing project finance for the $US5 billion ($7bn) Oyu Tolgoi copper and gold mine expansion in Mongolia, which would pave the way for a second-quarter 2016 approval of the project and create the world’s third-biggest copper mine.Having ticked off investment on the $US1.9bn Amrun bauxite… Read more »

CH.SAIKHANBILEG: INTERNATIONAL BANKS TO PROVIDE USD 4.2 BILLION


(30 Nov 2015)Prime Minister of Mongolia Ch.Saikhanbileg addressed to the public via Mongolian National Public Television. We delivered the shortened version of his full speech, which consists of five main parts. First. We have made a great progress in adopting an integrated state budget, reducing budget deficit, managing budget-saving policies, planning expenses and revenues accurately and… Read more »

PARLIAMENT APPROVES USD 1 BILLION LOAN FROM CHINA


(27 Nov 2015) Today, Parliament agreed to accept a USD 1 billion loan from China. The legislation was passed with an 84% majority. The agreement will be signed between Mongolian Government and the Export Import Bank of China. Under the plan, the Government will spend USD 703.5 million for the “Egiin Gol Hydro Electric Station… Read more »

MONGOLIA TO BECOME AN ENERGY EXPORTER


(25 Nov 2015)Mongolia and China are working together to construct an energy-complex based on strategically important Shivee-Ovoo coal mine.Mongolia is assigned to supply continuously 34 million tons per year to successfully implement the project. So, Erdenes MGL LLC and Shine Shivee LLC owning exploitation licenses of the mine must reach an agreement in order to… Read more »

Z.NARANTUYA: IT’S TIME TO WASH FACES AND CHANGE CLOTHES FOR JOINT STOCK COMPANIES


(24 Nov 2015)Mrs. Z.Narantuya chair of the Financial Regulatory Commission gave detailed interview in relation to current emerging market scenario, vision, challenges and trends of the market. She considers that financial market structure must be developed in balanced and sustainable manner.Trade index of Mongolian stock exchange reached its historical lowest level and as a regulator,… Read more »

30 MILLION USD TO BE INVESTED IN MONGOLIA’S RENEWABLE ENERGY SECTOR


(23 nov 2015) A Mongolian delegation led by State Secretary of the Ministry of Energy D.Delgertsogt attended the Scaling Up Renewable Energy in Low Income Countries Program (SREP) Sub-Committee Meeting, held on November 11 in Washington, D.C., where it was decided that 30 million USD would be granted for supporting renewable energy in Mongolia. Mongolia… Read more »

RATING AGENCIES TOO GLOOMY ABOUT OUTLOOK, SAYS CENTRAL BANK CHIEF


20(20 Nov 2015)Once a favorite of frontier-market investors, the outlook for Mongolia’s mineral-rich economy is deteriorating as the commodity super cycle turns negative and China, practically the sole buyer of its exports, slows.Foreign investment has evaporated and international observers, who were among Mongolia’s early boosters, are cutting their forecasts and raising concerns over the sustainability… Read more »

FRC CHAIRWOMAN MRS. Z.NARANTUYA HAS MET HONG KONG STOCK EXCHANGE DELEGATES


(19 Nov 2015) FRC Chairwoman Mrs. Narantuya Zagdkhuu met Mr. Carlson Tong, Chairman of Hong Kong Securities and Futures Commission /SFC/ and Mr. David Graham, Director of Hong Kong Exchange Group /HKEx/ during her participation on regular meeting on “Mongolian Investment Summit” which was organized in Hong Kong.As a result of the meeting with the… Read more »

TURQUOISE HILL ANNOUNCES FINANCIAL RESULTS AND REVIEW OF OPERATIONS FOR THE THIRD QUARTER OF 2015


oyu-tolgoi-logo1

(06 Nov 2015) Oyu Tolgoi recorded revenue of $431.7 million in Q3’15 on sales of 226,000 tons of concentrate, a 2.5% increase over Q2’15, reflecting higher sales volumes partially offset by lower copper prices. Turquoise Hill reported income from continuing operations attributable to shareholders of $44.0 million. Turquoise Hill generated operating cash flow before interest… Read more »


Page 32 of 33« First...1020...2930313233