▲ Up
 
13:43 21-01-2017
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Australian gold producers eye Xanadu as Mongolia gets its act together
16:24, 30 December 2016, 5957
Twitterfacebookprint

AKIPRESS.COM - 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, reports The Australian.

Xanadu’s Ulaanbaatar-based managing director Andrew Stewart told The Australian the company had hosted five visits in the past two months from mining companies interested in learning about its early-stage copper and gold projects in Mongolia.

The level of interest is a sharp improvement on recent years, he said, when the company would host just one to two such visits a year. He said Australian gold­miners in particular were showing renewed interest in Mongolia. “There are a lot of cashed-up mid-tier gold producers that are looking to expand,” he said. “When you look at Australia, there just aren’t as many options for those big discoveries.”

The interest in Xanadu comes amid a series of recent moves on early-stage discoveries by larger mining houses.

Mongolia had been shaping up as a new global hotspot for mining activity, but its international standing suffered amid a series of disputes between Rio Tinto and the Mongolian authorities over the tax regime surrounding Rio’s massive Oyu Tolgoi copper deposit.


Twitterfacebookprint
LATEST NEWS
13:31 Kazakhstan confirms H5 bird flu in wild swans13:27 US beef master class showcases alternative cuts for Uzbekistan chefs13:24 Over 19 million soms transferred in donations to special account for plane crash victims13:18 Pioneering clinical trial for drug-resistant tuberculosis starts in Uzbekistan12:49 Ten pulled alive from avalanche hotel in Italy after snow created 'igloo'12:43 Police injured, more than 200 arrested at Trump inauguration protests in DC12:36 President Atambayev tasks Emergency Ministry to focus on support to be provided to families of plane crash victims12:27 Proposed railway from China to Uzbekistan to link Kyrgyzstan's north and south12:17 Preliminary analysis of unsealed flight data recorder finds air accident information12:00 Visit of IMF 'rescue' team to Mongolia delayed11:59 President Atambayev offers condolences to Iran over deadly fire, collapse of Tehran high-rise building11:31 Mongolia to increase its gold reserves11:24 EBRD designates Bishkek as hub for Central Asia – Regional Director11:04 Trump pursues 'new vision' on first day as president17:50 Oyu Tolgoi exceeds copper and gold production guidance in 201617:40 Uzbekistan's FM, EU Special Representative for Central Asia discuss cooperation17:31 IS destroys part of Palmyra amphitheatre17:26 Turkmenistan, China celebrate 25th anniversary of establishment of diplomatic relations17:25 Kyrgyz Ambassador to attend Trump's inauguration17:18 Six people found alive under avalanche that hit Italian hotel: rescuers
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75