Wolf Petroleum acquiring 2D seismic to identify prospects at oil and gas block in Mongolia - Proactiveinvestors (AU)

Wolf Petroleum acquiring 2D seismic to identify prospects at oil and gas block in Mongolia - Proactiveinvestors (AU): "The 451 line kilometre survey will also support upgrading of previous leads to prospects on the company’s nearby Baruun Urt block. It is expected to be completed in August.

Results will be sent to the U.S. for processing and interpretation will be carried out by MHA Petroleum.

Wolf will shoot 340 kilometres of 2D seismic over the Tuvshiree and Uulbayan Sub-basins while another 113 kilometres will be shot over the Talbulag basin and extension.

The company had previously noted that all four sub-basins within the block had have areas of high heat flow, which can enhance hydrocarbon cracking and migration, while alteration minerals commonly found near petroleum seep areas have also been identified."

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Li3 Announces Termination of Blue Wolf Mongolia Holdings Corp Merger - MarketWatch

Li3 Announces Termination of Blue Wolf Mongolia Holdings Corp Merger - MarketWatch: "SANTIAGO, CHILE, Jul 17, 2013 (Marketwired via COMTEX) -- Li3 Energy, Inc., LIEG -38.71% ("Li3", "Li3 Energy" or the "Company"), a US-listed and South America based global exploration company in the lithium and minerals sector, announces that Blue Wolf Mongolia Holdings Corp. has terminated the merger agreement between the two companies. The agreement was terminated due to Blue Wolf's inability to achieve the closing conditions for the transaction.

Luis Saenz, CEO of Li3 Energy, stated: "We are very disappointed that the merger was not successful. Despite this step back, as a result of extremely difficult market conditions in the resource sector, Li3 is currently discussing funding alternatives with our board of directors and bankers and is aggressively seeking additional sources of capital that will allow us to continue with our development program.""

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Modun Resources receives mining license approval for Nuurst coal project in Mongolia

Modun Resources receives mining license approval for Nuurst coal project in Mongolia: "Modun Resources has achieved another significant milestone on the road to production at the Nuurst thermal coal project in Mongolia, following the approval of its application for a mining licence.

Critically, Nuurst is located just 6 kilometres from existing railway infrastructure, with Modun the only international company recently selected as a preferred supplier of coal to the Mongolian Government under their Clean Air Initiative.

The Mineral Resources Authority of Mongolia granted the approval over a total area of 2497 hectares covering the planned open pit mine, plus an encompassing area for surface infrastructure.
"

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Aspire Mining study positions Ovoot as potential low cost coking coal producer

Aspire Mining study positions Ovoot as potential low cost coking coal producer: "Aspire Mining has completed a revised pre feasibility study that shows the Ovoot Coking Coal Project in Mongolia could become one of the lowest cost producers of coal into China.

The PFS revision is based on a large open pit mine delivering up to 14 Mtpa and a small underground mine delivering up to 0.75 million tonne per annum of raw coal over 20 years.

In August 2012 the company was granted a mining lease MV 017098 which covers the planned Ovoot open pit and underground operations. The Project review identified significant operational savings from the mine plan now having a large proportion of backfilling and using an owner miner model."

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Mongolian mine to affect water supply?

Mongolian mine to affect water supply?: "Oyu Tolgoi was 94 percent complete in July and is slated for commercial production in the first half of 2013. The Mongolian government holds a 34 percent stake in the project, expected to account for about 30 percent of Mongolia's annual economic output.
The mine, in the South Gobi desert region, holds an estimated 41 billion pounds of copper and 21 million ounces of gold, The New York Times reports.
The region covers an area of 135 square miles and is home to 3.8 million livestock, including camels, horses, cows, sheep and goats, which require some 31,600 cubic meters of water each day.
That compares with the water needs of an estimated 10,000 cubic meters per day for residents in the sparsely populated region.
Extracting copper from the mine, however, is a water-intensive process.
A World Bank assessment indicated that in 2010, Oyu Tolgoi used about 67,000 cubic meters of water a day and the government-owned Tavan Tolgoi coal mine consumed 76,000 cubic meters daily."

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In Mongolia, a backdoor to the Hermit Kingdom | GlobalPost

In Mongolia, a backdoor to the Hermit Kingdom | GlobalPost: "ULAN BATOR, Mongolia — They come and they go without much international fanfare: delegations of North Korean ministers in Mongolia, invited by the pro-Western government to discuss trade, cultural ties and questions of "mutual interest."

The specifics of these meetings are hard to nail down.

“The two sides exchanged views on the issue of further developing the exchange and cooperation between security organs of the two countries and matters of mutual concern,” one news release stated in November.

But unrevealing as these news releases may be, they hide a more interesting relationship: Mongolia, a fast-growing democracy whose mineral riches have made it the darling of global capitalism, has cultivated perhaps the warmest relationship of any country with the notorious Hermit Kingdom."

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Mongolia eyes Peabody Energy to develop giant coalmine

Mongolia eyes Peabody Energy to develop giant coalmine: "Reuters reported that Mongolia state owned developer of the huge but remote Tavan Tolgoi coal deposit in Mongolia has invited US miner Peabody Energy to help build infrastructure at the project ahead of a much delayed bidding process.

State owned miner Erdenes Tavan Tolgoi Ltd which holds the licences for the coal-rich Tavan Tolgoi area in the South Gobi desert, has asked the US firm to draw up logistic and infrastructure plans for the project's western Tsankhi block."

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Newcom Mining Services serves Mongolia - Cranes Today

Newcom Mining Services serves Mongolia - Cranes Today: "Terex appointed a new authorized distributor in Mongolia, Newcom Mining Services, which will provide sales, applications expertise, and service and parts for cranes.
It will distribute dozens of models from the Terex line of rough terrain, all terrain, lattice boom crawler, boom truck and truck cranes lines.
Steve Filipov, president of developing markets for Terex Corporation, said:
"Over the past few months, we have seen increased demand in Mongolia due to the local investments in mining and infrastructure."

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Complaint Filed Against Destructive Oyu Tolgoi Mine Being Considered for World Bank Support | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions

Complaint Filed Against Destructive Oyu Tolgoi Mine Being Considered for World Bank Support | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions: "Tokyo, Japan, October 12, 2012 – Today, a group of Mongolian herder households filed a complaint demanding just compensation for the impacts of Rio Tinto’s Oyu Tolgoi copper and gold mine and its associated facilities (“OT Project”), located in the South Gobi desert. Despite the OT Project’s numerous problems, the World Bank’s International Finance Corporation (“IFC”) and Multilateral Insurance Guarantee Agency (“MIGA”) are considering a financing package of US$900 million in loans and up to US$1 billion in political risk insurance. The herders’ representative Sukhgerel Dugersuren, Executive Director of the Mongolian organization OT Watch, personally delivered the herders’ complaint to Meg Taylor, the Vice President of the IFC and MIGA’s accountability mechanism, the Compliance Advisor/Ombudsman (“CAO”), at the World Bank’s Annual Meetings in Tokyo."

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Rio Tinto still in negotiations to flick Oyu Tolgoi switch

Rio Tinto still in negotiations to flick Oyu Tolgoi switch: "RIO Tinto insists the ancient rivalry between Mongolia and China is not contributing to delays in sourcing a crucial power link for the company's most important growth project.

Negotiations to supply Chinese electricity across the Mongolian border to help run Rio's massive Oyu Tolgoi copper and gold mine have been under way for more than a year, and are still incomplete despite first production from the project expected in coming weeks.

The power link is needed if Rio is to achieve commercial production from the project in the first half of next year, and fears of an international stoush have grown as the impasse has continued. But Rio's head of copper, Andrew Harding, said the impasse was entirely commercial."

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Take a lesson from Mongolia | DAWN.COM

Take a lesson from Mongolia | DAWN.COM: "There has been lots of talk lately of Pakistan’s massive and largely untapped mineral potential. More specifically, Imran Khan, chairman of the Pakistan Tehreek-e-Insaf, has hinted at various rallies and forums that Pakistan’s future economic growth could be fueled by a natural resource boom supported by foreign direct investment. Pakistan boasts the world’s 5th largest reserve of coal along with substantial reserves of copper, zinc, lead, and aluminum. Dr. Shaukat Hameed Khan, a former physicist at the Pakistan Atomic Energy Commission, maintains that Pakistan’s copper reserves alone are large enough to restructure Pakistan from a cotton-producing economy to a copper-producing one. Therefore, as Pakistan looks to increase its natural resource exploitation, the country that it should closely monitor is Mongolia – which has mastered the strategy of mining-led growth."

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Mongolia's relationship status with China? Complicated. - CSMonitor.com

Mongolia's relationship status with China? Complicated. - CSMonitor.com: "Mongolia's government, however, just rushed a law through parliament to make it harder.

The law requires investments by foreign state-owned enterprises in strategic sectors, such as mining, to get special government approval. And it has held up a deal by Canadian mining company Ivanhoe to sell a majority stake in one of its Mongolian coal mines to Chalco, the Chinese state-owned aluminum giant.

"We need a policy to stop all the [mining] licenses ending up in Chinese hands," says Tsolmon, a former deputy foreign minister, who like most Mongolians uses only one name. "Otherwise we could wake up one morning and most of our land would be controlled by the Chinese. That would not be good.""

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