Rio Tinto has made an offer to acquire the 49% of shares in Canada’s Turquoise Hill Resources it doesn’t already own, in a move that would see Rio take full control of the Oyu Tolgoi copper-gold mine in Mongolia. The US$2.7 billion bid – comprised of...
Precious metals explorer and producer Steppe Gold has been awarded ‘development of the year’ by Bloomberg Mongolia, for its ATO Phase 1 project in the central Asian country. The recognition comes as Steppe rapidly advances to construction of the Phase 2 project, which is slated to...
ASX-listed Xanadu Mines has reported an updated mineral resource estimate for its flagship Kharmagtai copper-gold project in the South Gobi region of Mongolia. The explorer has successfully delivered its stated aspirational target to grow the Kharmagtai resource to over 1 billion tonnes (Bt), including a higher...
TSX-listed Steppe Gold has doubled the mineral resource at its ATO gold mine, located in Eastern Mongolia, from 1.22 million gold equivalent ounces to 2.45 million ounces, after a successful round of drilling at the project. The updated ATO resource includes 41.6 million tonnes (Mt) of...
Rio Tinto (LSX:RIO) has begun a new exploration programme in Mongolia’s Gobi desert in search of the next Oyu Tolgoi after a five year break. It is a positive sign for Mongolia which has struggled economically following a collapse in foreign investment, declining commodity prices and...
Rio Tinto CEO Jean-Sebastian Jacques has stressed the suspension of copper exports from the Mongolian Oyu Tolgoi mine will be resolved shortly. Last week Chinese authorities closed a border crossing from Mongolia, halting exports and causing a 60km traffic jam as trucks laden with copper queued...
Rio Tinto (LSX:RIO) and its partners, the Government of Mongolia and Turquoise Hill Resources, have approved the next stage in the development in the Oyu Tolgoi copper and gold mine in Mongolia. The development of the underground mine will commence in mid-2016 following the approval of a...