Posts Tagged ‘mongolia’

The new frontier country driven by resource-based economy Mongolia is land-locked country in East and central Asia, bordered by Russia to the north and China to the south, east and west. With a population of 2.8 million people occupying 1.56 million square kilometers (roughly the size of Alaska), it is the most sparsely populated country in the world.  A fledgling democracy just over 20 ... Full story

Eurasianet reports two new studies say that the massive Kumtor gold mine, controlled by Canada’s Centerra’s and the Kyrgyzs government, as a matter of routine ignores environmental legislation and makes it impossible for independent auditors to do inspections. The mine’s operations could have a far-reaching, deleterious effect on Central Asia’s water supply and the mine is run like a “private fiefdom”, one of the ... Full story

ULAANBAATAR, MONGOLIA–(Marketwire – Jan. 30, 2012) - Undur Tolgoi Minerals Inc. (“UTM” or the “Company”) (CNSX:UTM) is pleased to announce that its Board of Directors has reviewed and unanimously approved an exploration Program (the “Work Program”) for the Company’s Mongolian property. Full story

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 27, 2012) -  Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) Deputy Chairman Peter Meredith said today he expected the company’s 14-member Board of Directors will continue to maintain a majority of independent directors, in accordance with the December 8, 2010, Heads of Agreement signed by Ivanhoe Mines and Rio Tinto. Mr. Full story

Shares of Canada's Ivanhoe Mines Ltd. Full story

Bloomberg reports that Ivanplats Ltd., an Africa-focused mining company controlled by billionaire CEO Robert Friedland, may seek up to $1 billion in an IPO. Full story

The Globe & Mail reports Ivanhoe Mines, building Mongolia’s Oyu Tolgoi, will scrap a controversial “poison pill” shareholder provision that clears the way for Rio Tinto, which already owns 49% of the Vancouver-based company, to do a complete takeover. According to calculations by Credit Suisse, reported by the Globe & Mail the poison pill plan would have required $73 billion of funding from shareholders ... Full story

Perceiving a cloudy future for world markets, Ivanhoe Mines (NYSE:IVN) announced that they had negotiated an additional US$1.8 billion bridge financing for Oyu Tolgoi. “The facility, a precautionary response to volatility in the project finance and corporate debt markets stemming from recent events in Europe, could be used if there is a delay in completing and gaining approvals for the long-term project-finance package,” said ... Full story

It has been said that the best place to look for a new mine is next to an existing mine. Full story

An arbitrator has ruled that a "poison pill" rights plan erected by Ivanhoe to try and stop a Rio Tinto takeover, does not apply to the latter, leaving Ivanhoe vulnerable to a takeover next year. Full story