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Khan Resources' Mongolian issues to not hurt buyout
April 21 (Reuters) - Khan Resources Inc (KRI.TO) said the Mongolian Nuclear Energy Agency's (NEA) move to invalidate the mining license of its units would not affect its buyout, and that it challenged the decision in court, sending its shares up as much as 23 percent. ... Full Article
Khan Files Formal Claim in Mongolian Administrative Court, Requests Prime Minister's Assistance and Provides Update on the CNNC Offer
April 19, 2010 (FinancialWire) -- Gulfside Minerals Ltd., (TSX Venture: GMG) said it has signed final earn-in agreements with two private Mongolian companies to acquire 100% interest in two mining exploration licenses which are located to the north and north east of its Black Hole and Onjuul projects and around 170 km south west of Ulaanbaatar in Mongolia.
According to Gulfside, the two additional licenses add 10,319 hectares acres to the company's holdings, which increases the size from 2,156 ha to 12,475 ha.
ADB Helps Mongolia Prepare for Urban Growth Ahead of Influx in Southeast Gobi
April 21 (The FINANCIAL) -- The Asian Development Bank (ADB) is providing $15 million in grant to help Mongolia improve urban infrastructure and services in the booming mining and border towns in Southeast Gobi.
April 22 (news.mn) Mining at Boroo Gold’s mine at Zuun Kharaa is expected to be over in about six months unless the company is allowed by the Minerals and Energy Ministry to extract gold from sand. The company has succeeded in producing 1.2 tons of gold this way in an experiment using a different technology and estimates a further nine tons can be produced. ... http://english.news.mn/content/7831.shtml