The Bloomberg reporter Angus Whitley referred to the Australian Financial Review while reporting on March 11 that Rio Tinto Group is in talks with Aluminum Corp. of China about potential joint ventures. Rio Tinto chief executive Tom Albanese is expected to visit Chinalco during a trip to Beijing later this month as the miner explores options for renewed collaboration with its largest single sh
Published News » Business
Rio Discusses Ventures With Chinalco, Financial Review Says
Posted by mdigg 1 hour 31 minutes ago (Editorial)Mongolia Energy to start coal delivery in August
Posted by mdigg 1 day ago (http://news.alibaba.com)HONG KONG, March 10 - Mongolia Energy Corp, a former technology company that remade itself into a natural resources developer in 2007, will deliver its first coking coal cargo this August and is also looking at projects beyond Mongolia, a senior executive said.
Mineral rich Mongolia is attracting more attention from global investors after a deal in October with Ivanhoe Mine
Mongolian firm sees overseas IPOs gold
Posted by mdigg 2 days ago (http://www.reuters.com)(Reuters) - More miners from the land of Genghis Khan may soon be listing abroad.
Mongolian owned and operated resources firms -- from coal to copper to iron ore companies -- are actively searching for foreign investors and hope to list in markets such as Hong Kong this year, the top executive of an Ulan Bator-based financial services firm told the Reuters Global Mining a
Khan Acknowledges ARMZ Intention to Abandon its Unsolicited Offer
Posted by mdigg 9 days ago (http://www.marketwatch.com)TORONTO, ONTARIO, Mar 01, 2010 (MARKETWIRE via COMTEX) -- Khan Resources Inc. ("Khan") announced today that it acknowledges that Atomredmetzoloto JSC ("ARMZ"), a Russian state-owned nuclear energy corporation, intends to allow its unsolicited offer to purchase all of the outstanding common shares of Khan (the "Shares") for $0.65 per Share to expire. The decision by ARMZ to aba
Rio Tinto beefs up position in Canada's Ivanhoe
Posted by mdigg 10 days ago (http://www.reuters.com)MELBOURNE (Reuters) - Global miner Rio Tinto (RIO.L) will increase its stake in Canada's Ivanhoe Mines (IVN.TO) by 2.7 percent to 22.4 percent for $233 million, in a move tied to plans to jointly develop the giant Oyu Tolgoi copper mine in Mongolia.
Rio to Spend C$245 Million Increasing Ivanhoe Stake
Posted by mdigg 10 days ago (http://www.businessweek.com)March 1 (Bloomberg) -- Rio Tinto Group, the world’s third- largest mining company, will spend C$245 million ($233 million) to increase its holding in Ivanhoe Mines Ltd., its partner in the Oyu Tolgoi project in Mongolia.
Rio will buy 15 million shares at C$16.31 each, the London- based company said today in a statement to the Australian Stock Exchange. That will lift its holding
Energy Resources Mulls London IPO, Shareholder Says
Posted by mdigg 14 days ago (http://www.businessweek.com)Feb. 23 (Bloomberg) -- Energy Resources LLC, a closely held coking coal producer in Mongolia, is considering an initial public offering in Hong Kong or London, the majority shareholder said.
“It’s just an idea at the moment, but we are looking to raise funds and an overseas listing is a good way to raise the profile of the company,” Gankhuyag Adilbish, managing director of MCS Holdin
EBRD loan to Leighton to help promote contract mining for Mongolia
Posted by mdigg 16 days ago (http://www.mineweb.com)The European Bank for Reconstruction and Development (EBRD) is making a $35 million loan available to the Mongolian arm of Australian Contractor, Leighton, to help finance the company's ability to offer contract mining services there.











