Ivanhoe Energy announced today, November 30, that the merger between PanAsian Petroleum Inc. and an Ivanhoe Energy subsidiary has been completed. This merger, announced on November 18, 2009, provides Ivanhoe Energy with the exclusive right to explore, develop and produce oil or gas within Block XVI in Mongolia's Nyalga Basin.
Block XVI covers 16,839 square kilometres and is located app
Russian state uranium miner ARMZ plans an offer to acquire Canada's Khan Resources in a $33 million all-cash deal that would secure access to a large uranium field in Mongolia and boost its drive to expand abroad.
Prime Minister Vladimir Putin this year granted $1.5 billion to state nuclear giant Rosatom, the parent company of ARMZ, to boost the war chest of the world's second-largest
The price of horse meat has risen in Mongolia, as a surge in H1N1 cases and dearth of vaccines has people turning to folk remedies.
Seven people died and 630 cases have been treated in the two weeks since the H1N1 strain of influenza first appeared in Mongolia, forcing the government to close kindergartens, extend a holiday for secondary schools and cancel sports and cultural event
The new names on the lips of luxury professionals are far less familiar: Almaty, Shenzhen, Ulan Bator, respectively the commercial capital of Kazakhstan, a major Chinese provincial centre and the c
Toronto-based Centerra Gold is hoping to receive the final approval from Mongolia's government to restart heap leaching operations at the company's Boroo mine, CEO Stephen Lang said on Friday.
The mine has bit hit by a string of setbacks this year, after workers went on strike over wages in June, and then authorities issued an order to suspend the mine's operating l
Inside a small office in Mongolia's capital Ulan Bator, Banzaragchaa Altan-Od fields calls from ship captains and ports around the globe -- an unusual job for someone in a landlocked nation.
The Mongolian Maritime Administration, based in a city located about 1,400 kilometres (850 miles) from the nearest ocean port, has registered more than 1,600 ships since it opened its doors in 2003
China Investment Corp, the country's US$300-billion sovereign wealth fund, has agreed to invest up to US$700 million in Iron Mining International Ltd, a privately-owned Hong Kong-registered company focused on iron mining in Mongolia, sources reported.
