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
Entree Gold has received a mining license covering the Nomkhon Bohr coal discovery, which was outlined through exploration efforts in 2008-2009.
The new mining license comprises about 14,030 hectares and covers the north-west corner of the former Togoot exploration license.
The portion of the property included in the mining license is mainly underlain by Permian sediments, whic
SouthGobi Resources Ltd., backed by China’s sovereign wealth fund, aims to get a mining license for a second coal pit in Mongolia by the year-end.
The company will apply for a permit for the Soumber deposit in the coming months, Chief Executive Officer Alexander Molyneux said at a media briefing in Hong Kong today. About $205 million is needed to develop the mine
Russian government has introduced into the lower house of the Russian Parliament, the State Duma, an intergovernmental agreement with Mongolia on setting up joint uranium mining company with limited liability Dornod Uran.
The agreement was signed by head of the Russian state corporation Rosatom Sergei Kirienko and head of the Atomic Energy Authority of Mongolia Sodnomy
Mongolia is emerging as a major competitor to Australian coal exports due to its vast untapped reserves, cost efficiency and close proximity to China.
Mining giant Leighton Holdings Ltd says Mongolia has at least has 10 to 15 billion tonnes of recoverable coal that could be supplied to China for less than US$100 per tonne.
Leighton Asia is the only internationa
SouthGobi Resources owns the right asset in the right place at the right time. The Hong Kong-listed Mongolian mining company is controlled by Ivanhoe Mines of Canada, and operates the Ovoot Tolgoi mine just 40km from the border with China.
Since March, Oovot Tolgoi has produced about 200,000 tonnes of coal a month, most of it destined for Chinese steel mines and power plants.
03 August 2010 Mongolia's parliament has approved construction of a 1100 km railway linking the Tavan Tolgoi coal deposits with Saynshand and the existing line from Russia to Bayantumen. This 1520 mm gauge option was chosen in preference to a shorter standard gauge line to China in the hope of developing new coal export markets via Russia.
