A reserve of the coal mine is estimated to be 12 million tons; roughly two million tons have been mined so far. The coal of this mine has high calorie and low ash content and hard and dense metallurgical coal, extracted from the depth of underground, is sorted out for export.

This year, the company set a goal to carry out an overburden removal on 500 thousand square meters, of which 480 thousand square meters have been executed and 100 thousand tons of coal have been extracted so far. 

A ton of coal is sold at MNT33,000 for users of Zavkhan and Khuvsgul aimags and MNT39,000 for Chinese market.
The company transports its coal by trucks from Mogoin Gol mine to Erdenet city and by train from Erdenet city to China.

The MSE ALL Index increased by 1.95 percent to stand at 1,215.4 points. The MSE market cap stands at MNT 2,354,404,500,191.

After receiving more than $7 million in funding from the US Department of Energy, lead researcher and professor of mining engineering Rick Honaker was able to delve deeply into the creation of the new material.

"The primary objective for our DoE project was to produce a concentrate containing a minimum of 2 per cent rare earth elements," Honaker said in a university press release. "We have far exceeded this objective."

He explained that the process recovered more than 80 per cent of the REEs present in the feed sources. The concentrates were comprised of more than 80 per cent total rare earth elements on a dry whole mass basis and more than 98 per cent rare earth oxides. Also, elements such as neodymium and yttrium, commonly used in national defense technologies and the high-tech and renewable energy industries, represented over 45 percent of the total concentrate.

In parallel, scandium was efficiently separated from the other elements through this new recovery process. The rare earth, which is highly used in aerospace and lighting, was also concentrated as a separate product from the circuit.

The groundbreaking process will be part of a one-fourth-tonnes per hour mobile rare earth recovery pilot scale plant being developed and tested by Honaker's team.

Steve Nash, 53, from Helsby, Cheshire, was killed during a robbery in September 2016 while he was trying to cross the Khangai Nuruu mountain range in the country.

Lawyers for his family said Gantulga Batsukh was found guilty of his murder following a trial in Mongolia on Friday and was sentenced to 16 years in a maximum security jail.

Mr Nash's wife Shirley said: "Since Steve was taken from me, I feel so alone and lost and my whole life is pointless without him. It is so unfair; not just on us, but on Steve himself.

"He loved life, had so much to live for and had so many plans and ambitions. I have lost my husband and my best friend. When this person ended Steve's life, he ended mine too."

Mr Nash had been journeying across the country on a paragliding trip with friend Gareth Aston, but had been forced to continue solo after his companion retired with an injury.

He had been documenting his progress on the trip online before his death and a final picture, posted on August 31, showed him being wished well for the solo leg of his journey by his friend and two Mongolian hosts.

According to reports, his wife noticed the satellite tracking system which he had been using to share the progress of his travels had stopped updating shortly afterwards.
"We all have so many precious memories of Steve. He was a true gentleman who loved life and lived every minute to the full, showing kindness and respect to everyone he met.

"He is also missed by his many friends and it is much appreciated how they endeavour to keep Steve's memory alive by remembering Steve in many ways, whilst they continue to love and live life to the full, just as Steve did.

"He was loved by us all and we cannot put into words how much we miss him. Nothing will ever bring Steve back but we are relieved that his killer has now been brought to justice."

– SHIRLEY NASH, STEVE'S WIFE
Lawyer Kieran Mitchell from Slater and Gordon, who represents the family, said: "To lose a loved one is always difficult, but for Steve's family to lose him in this way far from home has been difficult for them to come to terms with.

"I only hope that now his killer has been brought to justice the family will be able to begin to rebuild their lives as best they can."

After his death, Red Bull X-Alps, said to be one of the world's toughest paragliding and hiking races, which Mr Nash competed in, posted on its website: "Steve Nash was well-known for his positive attitude, mental toughness and his true adventurer spirit."

The cargo ships would be built at the Brothers Nobel Shipyard, owned by Kalashnikov. The concern is planning to develop a new Volga-Don ship operator in cooperation with the agricultural firm Agro-Delta, based in the Russian southwest city of Volgograd. The company plans to transport up to 900,000 tons of grain annually.

“The project will help agricultural businesses in Central and Volga federal districts to significantly boost export turnover, as well as to keep down transport costs for long-term contracts,” said Kalashnikov chief executive Aleksey Krivoruchko, as quoted by the media.

Due to the high freight costs and an appreciable shortage of ‘river-sea’ cargos, some agricultural businesses have to face severe difficulties in selling grain, according to Sergey Egorov, who will reportedly head the new ship operator.

“The project will help to provide wall-to-wall production, including shipping and selling in domestic and international markets,” he said.

The Kalashnikov Concern is Russia’s largest producer of military automatic and sniper weapons and guided artillery shells, as well as a wide range of civilian products including hunting and sporting rifles, machinery and tools. The group was created in 2013 with the merger of two gun makers, Izhmash and Izhevsk Mechanical Plant.

The company exports products to 27 countries, including the US, UK, Germany, and Italy. Its iconic assault rifle, the AK-47, designed by Mikhail Kalashnikov in 1947, is one of the most popular and mass-produced firearms in the world.

Brazil ramped up beef, chicken and pork exports to Russia in 2014 when Russia banned food imports from the West in retaliation to sanctions over the Ukrainian crisis.

Its meat producers were put on alert last week when Russia’s Veterinary and Phytosanitary Inspection Service said it uncovered pathogenic bacteria in imported beef, pork and poultry.

The veterinary watchdog announced Monday that it planned to freeze beef and pork imports from Brazil starting Dec. 1. The regulator said it made the decision after this year's lab tests turned up ractopamine, a feed additive used to promote leanness in meat.

Brazil’s agriculture minister was later cited by local press as saying the ministry would make sure that ractopamine isn’t used in food products sent to Russia.

Russia is one of 160 countries that ban the use of ractopamine, though the hormone is considered safe for human consumption in Brazil, the U.S. and 25 other countries.

Brazil accounts for 90 percent of Russia's imported pork and 40 percent of beef. The Bell business news portal reports that meat prices could go up by anywhere from 5 percent to 20 percent as a result of the temporary import ban.

On November 20, the 1,309 attendees of the Congress discussed and adopted revisions to the Party’s Rule and action plan.

The revised rule reflects a change in the number of the members of the MPP Board and the Conference, the party’s executive structure. It was agreed that 30 percent of the Conference members will represent primary units of the party and the women’s quota will be increased to 30 percent as well.

Remaining agenda of the Congress includes appointment of new leadership of the party and the Communique of the Congress.

Shares of Marvell were down 0.8 percent to $20.14, while Cavium was up 7 percent at $81.14 in early trading.

Chief Executive Matthew Murphy, who took the top job a year ago, has been focusing on Marvell’s networking business to counteract declining demand for its chips used in hard disk drives of personal computers.

Murphy last year replaced former CEO Sehat Sutardja and President Weili Dai - a husband-wife team who co-founded the company - after an audit committee questioned their management style and hedge fund investor Starboard Value LP made a host of demands.

Analysts say the new leadership is preparing a number of important new product launches for later this year after refreshing 25 products in 18 months.

The deal is Murphy’s first acquisition at the company.

“With Marvell facing secular challenges on its core chip business, this acquisition is a smart strategic move which puts the company in a stronger competitive position for the coming years,” said GBH Insights analyst Daniel Ives.

A buyout of Cavium would give a boost to the networking ambitions of Marvell, which has clients such as network giants Cisco Systems Inc (CSCO.O) and Juniper Networks (JNPR.N).

Marvell and Cavium combined would be able to better compete with bigger rivals Intel Corp (INTC.O), Qualcomm (QCOM.O) and Broadcom (AVGO.O), Stifel analyst Kevin Cassidy said.

In the last two years, the chip industry has witnessed a series of deals as companies try to gain market share in emerging areas such as automotive technologies and connectivity.

The most recent is a bid by Wi-Fi chipmaker Broadcom for rival Qualcomm for a whopping $103 billion in what could be one of the biggest technology deals ever.

Marvell’s offer of $84.15 - based on the stock’s close on Friday - represents a premium of 11 percent to San Jose, California-based Cavium’s close, according to a Reuters calculation.

Marvell will offer $40 per share in cash and 2.1757 of its shares for each Cavium share.

The exchange ratio was based on a purchase price of $80 per share, Marvell’s share price prior to the first media report of the transaction on Nov. 3.

The chipmaker plans to fund the deal with a combination of cash on hand from the combined companies and $1.75 billion in debt financing, the company said.

Goldman Sachs & Co LLC was the financial adviser to Marvell, while Qatalyst Partners LP and J.P. Morgan Securities LLC were the financial advisers to Cavium.