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Russia is moving quickly into the Mongolian mining sector. Mongolia is one of Central Asia's last underdeveloped mineralogical sites and recent amendments to the country's contentious Mining Law have in the past year attracted massive foreign
Underneath the endless brown steppe in the remote northeastern corner of Mongolia, known as Dornod, lies a vast store of uranium. It's a four-hour drive on a dirt track from Mongolia's capital, Ulan Bator, to what is now just a collection of yurts.
The plan envisages the construction of a 1,100 kilometer-long internal railroad to begin later this year. The proposed railroad would connect Dalanzadgad, the capital of the southernmost Omnogovi province to Choibalsan, Dornod province in
Khan's majority stake in the Dornod uranium field in Mongolia. This follows last year's contract by SouthGobi, whose largest shareholder is Canadian coal company Ivanhoe Mines, to develop the Ovoot Tolgoi copper mine, located 40 kilometres from the
R obert Friedland isn’t the only Canadian mining executive doing deals in Mongolia, as junior uranium play Khan Resources cut a deal Monday with the state-owned mining developer MonAtom LLC. TSX-listed Khan KRI-T , the target of a hostile takeover
Khan for 65 Canadian cents a share, saying the offer was inadequate and contained objectionable terms...So, I think their offer is dead," Martin Quick, chief executive officer of Khan Resources, told Reuters. Khan Resources for $33 million cash in an