1 MONGOLIAN TEAM WINS SECOND PLACE AT INTERNATIONAL ROBOT CONTEST WWW.MONTSAME.MN PUBLISHED:2019/08/26      2 HONG KONG SITUATION A RISK FOR AUSSIE LAWYERS WWW.AFR.COM PUBLISHED:2019/08/26      3 TAVANTOLGOI-GASHUUNSUKHAIT RAILWAY PROJECT TO PROCEED WWW.ZGM.MN PUBLISHED:2019/08/26      4 LAVISH TRADITIONAL HEARSES GROW POPULAR OVERSEAS AMID FALLING USE IN JAPAN WWW.MAINICHI.JP PUBLISHED:2019/08/26      5 PUTIN ORDERS REVIEW OF RUSSIAN COAL MINING TAX WWW.REUTERS.COM PUBLISHED:2019/08/26      6 RUSSIAN KNIGHTS TO PERFORM AEROBATICS IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2019/08/26      7 MONGOLIAN OLYMPIC ATHLETES TO WEAR MICHEL&AMAZONKA BRAND WWW.NEWS.MN PUBLISHED:2019/08/26      8 MONGOLIAN AND CHINESE AGRICULTURAL MINISTRIES HOLD CONSULTATIVE MEETING WWW.MONTSAME.MN PUBLISHED:2019/08/26      9 COUNTRIES REQUIRED TO PARTNER IN PREVENTION OF PANDEMIC WWW.MONTSAME.MN PUBLISHED:2019/08/23      10 FITCH ON MONGOLIA 2019 DISCUSSES MONGOLIA’S MINING AND BANKING SECTOR OUTLOOK WWW.AKIPRESS.COM PUBLISHED:2019/08/23      МОНГОЛ УЛС ЖҮДОГИЙН ДАШТ-ЭЭС 21 МЕДАЛЬ ХҮРТЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2019/08/26     МАХ, НОГООНЫ ҮНЭ БУУРСАНГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2019/08/26     ТӨСВИЙН 80.9 ХУВИЙГ ТАТВАРЫН ОРЛОГО БҮРДҮҮЛЖ БАЙНА WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/08/26     МАНСУУРУУЛАХ ЭМ, СЭТГЭЦЭД НӨЛӨӨЛӨХ БОДИС ХУУЛЬ БУСААР ХАДГАЛЖ БАЙСАН БҮЛЭГ ХҮМҮҮСИЙГ БАРЬЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/08/26     НЭГ ӨРӨӨ БАЙР ТҮРЭЭСЛЭХ САРЫН ӨРТӨГ 0.5-1.2 САЯ ТӨГРӨГ БАЙНА WWW.UNUUDUR.MN  НИЙТЭЛСЭН:2019/08/26     АМЕРИКИЙН ХУДАЛДАА МОНГОЛД ХҮРЭЭГЭЭ ТЭЛНЭ WWW.ZGM.MN  НИЙТЭЛСЭН:2019/08/26     ЭНЕРЖИ РЕСУРСЫН БОРЛУУЛАЛТЫН ОРЛОГО 20% ӨСЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/08/26     ТАВАНТОЛГОЙ- ГАШУУНСУХАЙТ ТӨМӨР ЗАМЫН БҮТЭЭН БАЙГУУЛАЛТ ИРЭХ САРААС ЭХЭЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/08/26     ХӨРӨНГИЙН ЗАХ ЗЭЭЛИЙН ЭРГЭН ТОЙРОНД... WWW.EAGLE.MN НИЙТЭЛСЭН:2019/08/23     АМ.ДОЛЛАРЫН ХАНШ 2673 ТӨГРӨГТЭЙ ТЭНЦЭЖ БАЙНА WWW.NEWS.MN  НИЙТЭЛСЭН:2019/08/23    

Miners start the year with revenue growth www.zgm.mn

Mining projects that have a major impact on Mongolia’s economy saw splendid expansion in the first quarter. The Top 100 Mongolian firms included Erdenet Mining Corporation (EMC), Erdenes Tavan Tolgoi (ETT) and Oyu Tolgoi (OT). These companies paid a total of MNT 2.1 trillion to the state budget last year.

Copper

Oyu Tolgoi, one of the main mining projects in Mongolia, spent USD 296.4 million on underground development in the first quarter of this year. The second shaft is still ongoing and it is expected to end in October.

Xanadu Mines, listed on the Australian Stock Exchange announced the result of additional exploration at Kharmagtai deposit. In the first quarter of this year, the capital balance of the company reached AUD 3.1 million, while post-tax losses nearly halved from the same period last year. The share price of the company reached AUD 0.08 at the Australian Stock Exchange.

Gold

Erdene Resource Development Corp. (ERD), Toronto Stock Exchange (TSX) and the Mongolian Stock Exchange (MSE) listed firm, has conducted drilling at the Khundii field and expanded the mineralization of the Bayan Khundii deposit. The company explained its plans in a report to support the feasibility study of the project. “The exploration of the project on the Midfield area found 5.9 grams of gold per tonne at a depth of 112 meters per. This affirms the high mineralization in the main part of the Bayan Khundii deposit,” said the CEO of the company Peter Akerley. The share prices of ERD at the TSX reached CAD 0.19.

Coal

SouthGobi Resources, operating at Ovoot Tolgoi mines increased its coal sales by over 80 percent to 1.1 million tons in the first quarter of the year. The average selling price of the company has decreased from USD 43 in 2018 to USD 34.9. The net profits have doubled from the previous year to USD 13.4 by reducing the cost.



Published Date:2019-05-24