Rio Tinto to explore Mongolia outside the Oyu Tolgoy mine

Irina Dorokhova | June 21, 2017
img0 Mining giant Rio Tinto (LON:RIO) and its Canadian affiliate Turquoise Hill (TSX:TRQ) are once again exploring Mongolia’s metals-rich Gobi desert, following the country’s renewed efforts to attract foreign investment, said mining.com. Last month, the landlocked country bordering China and Russia decided to open more than one-fifth of its territory for mining exploration, hoping to shore ...

Erdene Resource Development increases the offer to CAD$12 M

MINEX FORUM | February 1, 2017
img0 Erdene Resource Development Corp. (TSX:ERD) announced that due to strong demand, it has amended the terms of its previously announced bought deal financing to increase the size of the offering from C$10,000,760 to C$12,000,000. The Company has entered into an amended agreement whereby Paradigm Capital Inc. as lead underwriter and Canaccord Genuity Group Inc. have ...

Erdene Resource Development Corp expanded new gold zone at its Mongolian project

MINEX FORUM | January 11, 2017
img0 Image: MINEX Forum Erdene Resource Development Corp. (TSX:ERD) announced results for nine diamond drill holes from the Company’s step-out drilling program at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. Drilling expands new gold zone (Midfield) under younger cover, 200 metres northeast of the main gold zone (Striker). Gold mineralization at Midfield includes ...

Australian gold­miners renew interest in Mongolia

MINEX FORUM | December 29, 2016
img0 Australian gold producers are among a host of mining companies that have taken a close look at Mongolian explorer Xanadu Mines in recent weeks, with a shortage of new discoveries, improving appetite for acquisitions and recent policy stability in Mongolia putting the nation’s stalled mining industry back on track.  Xanadu’s Ulaanbaatar-based managing director Andrew Stewart ...