Mongolian Mining Corp. received approval from the Hong Kong Stock Exchange for a $1 billion initial public offering, the first by a Mongolian company in the territory, according to two people familiar with the IPO.
Mongolian Mining, formerly known as Energy Resources, plans to list as much as 25 percent of its freely traded shares after the initial sale, said the peopl
If moving up in the world means graduating from high school in Merritt and landing a high profile mining job in Mongolia, consider Bradley Bennett a perfect example.
After sitting in the front row of the Merritt Secondary School graduating class on a warm June day at the de-iced Nicola Valley Memorial Arena a few months ago, the 56-year-old heavy duty mechanic is now s
Hong Kong, Aug 24, 2010 (ACN Newswire via COMTEX) -- North Asia Resources Holdings Limited ("NAR" or the "Company") announced that the Company has signed a memorandum of understanding (the "MOU") with Sinosteel Trading Co., Ltd. ("Sinosteel Trading") on 18 August 2010 for long-term cooperation with respect of the Company's iron ore mining operation in Mongolia.
Under the MOU, S
Mongolia is seen as the world’s least attractive jurisdiction for mineral exploration and development, according to the survey released today by the Fraser Institute, Canada’s leading public policy think-tank.
The updated survey of international mining executives was conducted between June 1 and June 30.
TORONTO, ONTARIO, Aug 20, 2010 (MARKETWIRE via COMTEX) -- Khan Resources Inc. ("Khan") announced today that it has filed a statement of claim against Atomredmetzoloto JSC ("ARMZ") and its affiliate JSC Priargunsky Industry Mining and Chemical Union ("JSC PIMCU") with the Ontario Superior Court of Justice.
The statement of claim alleges, among other things, that the har
LONDON, Aug 17, 2010 (Dow Jones Commodities News Select via Comtex) --Ivanhoe Mines Ltd. (IVN.T) Tuesday said its battle with Rio Tinto PLC for control of Mongolia's Oyu Tolgoi mine is continuing, and it is sticking to a shareholders' rights plan that has led its project partner to go to arbitration, Ivanhoe said Tuesday.
The plan, adopted by Ivanhoe's board in April,
Ivanhoe Mines said its battle with Rio Tinto for control of Mongolia's Oyu Tolgoi mine was continuing.
It said it was sticking to a shareholders' rights plan that had led its project partner to go to arbitration.
The plan, adopted by Ivanhoe's board in April, could make it difficult for Rio to take a majority stake in Ivanhoe, which is developing Oyu Tolgoi, a
HONG KONG (MarketWatch) -- Shares of Mongolia-focused coal producer SouthGobi Resources Ltd. tumbled 7.4% in Hong Kong Tuesday. The day's steep fall in heavy trading volumes marks the fifth straight day of declines and came a day after the company's majority owner, Canada's Ivanhoe Mines Ltd., reported a $30 million loss.
