China News

Rio Tinto’s Turquoise Hill Declares Force Majeure At Mongolian Mine

LONDON (Alliance News) – Canadian-listed Turquoise Hill, 51% owned by miner Rio Tinto PLC, on Wednesday said it had declared a force majeure at the Oyu Tolgoi mine in Mongolia in relation to a protest by Chinese coal transporters. Turquoise Hill said the protesters last week used a “large number” of vehicles to obstruct the main access road within China …

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Rio Tinto halts shipments from Mongolia mine after tax, border disputes

Mining giant Rio Tinto has halted shipments of copper concentrate from its giant Oyu Tolgoi copper mine following a week-long dispute at the border crossing to China and a new tax bill from the Mongolian government. A dispute between Chinese trucking companies and Mongolian officials over health insurance for drivers has halted coal and copper transport at the remote Gants …

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Block XX Production Sharing Contract Extension

RNS Number : 0677B Petro Matad Limited 05 January 2018 5 January 2018 Petro Matad Limited (“Petro Matad” or the “Company”) Block XX Production Sharing Contract Extension Petro Matad, the AIM quoted Mongolian oil explorer is pleased to announce that its Block XX Production Sharing Contract (PSC) (100% net to Petro Matad) has been formally extended by the Mineral Resource and …

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Peabody Energy back to the NYSE as emerges from bankruptcy

US coal miner Peabody Energy (NYSE:BTU), the world’s largest privately owned producer of the fossil fuel, made a fresh debut on the New York Stock Exchange on Tuesday after emerging from an almost to the date year-long bankruptcy protection. Shares in the St. Louis-based company began trading at $31.50, but were already down 5.65% to $29.25 at 11:43AM ET, still …

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INTERACTIVE MAP: World’s top 10 gold deposits

To give a true picture of the size and potential of the globe’s largest deposits of gold, MINING.com and sister company IntelligenceMine ranked the orebodies according to total resources – measured, indicated and inferred. Many companies include proven and probable reserves that can be economically extracted in resource estimates and the ranking was adjusted where this wasn’t the case. Overall resources …

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Chinese race to grab Barrick’s stake in Super Pit hits roadblock

Barrick Gold’s (TSX, NYSE:ABX) planned $1.3 billion sale of its stake in Australia’s Kalgoorlie mine has hit a roadblock as Minjar Gold, the Chinese bidder, has been unable to secure financing for the deal. Minjar Gold is still waiting for Chinese regulatory clearance and hasn’t been able to secure funding for the $1.3 billion deal.The Perth-based, a unit of Shanghai-listed …

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Caterpillar to present more than machines at MINExpo 2016

Caterpillar will support MINExpo 2016 with an exhibit showcasing machines, technology, expertise and practical knowledge that miners can apply to help address their cost, productivity and efficiency challenges in today’s mining environment. Though Cat® machines—for both surface and underground mining—will fill the view, the talk will focus on how Cat technology and know-how combines to help mining operations address and …

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ХЯТАД – МОНГОЛЫН УУЛ УУРХАЙН САЛБАРЫН ХӨРӨНГӨ ОРУУЛАЛТЫН ХАМТАРСАН УУЛЗАЛТ

Хятад-Монголын уул уурхайн салбарын хөрөнгө оруулалтын хамтарсан уулзалтын зорилго нь Монгол Улс, БНХАУ-ын уул уурхайн салбарын хамтын ажиллагаа, хөрөнгө оруулалтыг сайжруулахад оршино. Монголын талаас уул уурхайн салбарт үйл ажиллагаа эрхэлж байгаа бизнесийн байгууллага, төр засгийн байгуулллагаас оролцож БНХАУ-ын хөрөнгө оруулагчдад хөрөнгө оруулалтын орчин, төслүүдийн танилцуулга хийж, уул уурхайн төслүүдийг хөрөнгө оруулагчдад танилцуулна. Үүнд: o    Хайгуулын төсөл o    Олборлолт …

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总理会见中资企业代表

据蒙通社报道由蒙古国总理诺•阿拉坦呼亚格呼吁下于本月27日在对外关系部举办了“总理与中资企业见面会”。 总理在揭幕此词中说,“目前蒙古国已经具备稳定的法律环境,希望通过税收稳定期来吸引外商投资, 同时设立投资局以提高行政效率,并逐渐消除了蒙古国投资官僚状况。同时与法律环境改变有关,政府正在制定更加易懂、敏捷及一条龙服务机制。外商都可赴经济 部附属外国投资局获取更多的咨询和服务。政府为消除各种官僚而努力。”中华人民共和国驻蒙古国特命全权大使王晓龙先生、中华总商会会长刘文可、中华总商会 副会长兼浙蒙商会会长薛化栋、副会长金锦明及许道光等中国90多家企业和非政府组织代表出席,就如何克服各种困难交换了意见。大使王晓龙先生说,“自 1990年至今,中华人民共和国向蒙古国投资40亿美元。据统计,目前共有2000多家中资企业稳定经营。随着蒙古国通过投资法,更多地吸引了外商来蒙古 国投资。遗憾的是投资实施法至今未通过而限制了各企业经营。”。内蒙古商会会长刘巴特尔先生说,“很高兴看到蒙古国为改善投资环境通过了投资法,但必须改 善实施法规。除了吸引新投资商外需要更多支持现投资商经营。”之外中国矿产、煤炭、石油、通讯、建筑及建筑材料企业领导将各自困难一一介绍给我国有关部委 领导,并提出尽快稳定投资法律环境和增加劳务名额及减少税收压力等问题。与会部委领导对投资商提出的问题做出回答外承诺将综合各项问题,制定具体工作计划 实施所提出的相关要求。

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Chinese gold jewellery sales jump on year of the horse hopes

Last year, China topped India as the world’s largest gold consumer for the first time as investments in coins and bars and more so jewellery sales soared. According to the closely watched Thomson Reuters GFMS gold survey released last week Chinese demand reached 1,189.8 tonnes last year, a 32% jump compared to 2012 and a stunning fivefold increase over the …

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