mongolia mining bloomberg

  • China’s fourth biggest crypto mining province joins

    2021 6 13 Inner Mongolia started kicking out miners as early as February By the end of April it has shut down 35 of bitcoin mining companies Qinghai also ordered the shutdown of bitcoin mines and banned businesses including data centers industrial parks and power stations from providing land and power to cryptocurrency related projects.

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  • Land grabs for rare earth metals continue outside the

    2021 3 26 Flying under the radar of Canadian media Mongolia has long been one of Canada’s closest partners in Asia as a source of strategic metals and minerals while occupying a fulcrum point between Southeast Asia Russia and the Middle East Yet little light has been shed on the bleak implications of the increasing demand for lithium and other strategic resources found across Central Asia that

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  • Bloomberg Daybreak Asia BLOOMBERG May 25 2021

    2021 5 25 the chinese campaign to clamp down started years ago in 2017 they abolished initial coin offerings as well now we are hearing a province in china plans to raise penalties for crypto mining this of course as we heard before that china s inner mongolia banned cryptocurrency mining and will shut all projects by april now we re getting

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  • Terrence Edwards

    Terrence Edwards is Bloomberg Media s TV Partner to local affiliate Bloomberg TV Mongolia and a reporter for Bloomberg News Edwards has lived in Mongolia since 2009 and has filed hundreds of stories on Mongolia s economy government and industries such as mining banking and finance.

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  • A Deep Dive in a Real World Bitcoin Mine

    2017 10 25 Bloomberg Quartz and Tech in Asia were all among those invited to have a look in the Inner Mongolia mine Each agency subsequently published on the information that was shared during this visit From these publications we can collect that the mine consists of 8 buildings and 25 000 mining machines in total.

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  • Mongolia Scraps Coal Miner’s 1 Billion Overseas IPO Plan

    2020 4 28 Mongolian lawmakers in 2018 approved a plan to sell up to 30 of Tavan Tolgoi mine Updates with more details in Hong Kong IPO market in fourth paragraph ©2020 Bloomberg L.P.

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  • Mongolia Living from loan to loan

    Mongolia was a darling among emerging markets during the commodities boom Foreign miners flocked to exploit the mineral wealth under its grasslands and deserts pushing up growth in gross

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  • Rio challenges findings of independent report into Oyu

    Rio Tinto has challenged the findings of an independent report into problems at its 6.75bn copper mine in Mongolia sticking to its explanation that difficult geology not mismanagement was to

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  • Introducing Mongolian Mining HKG 975 The Stock That

    2020 4 4 Anyone who held Mongolian Mining Corporation HKG 975 for five years would be nursing their metaphorical wounds since the share price dropped 89 in

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  • Mongolia scraps Tavan Tolgoi’s IPO ..

    2020 4 29 Mongolia has reportedly scrapped near term initial public offering IPO plans for state owned coal mining company Erdenes Tavan Tolgoi as the coronavirus Covid 19 pandemic weakens financial markets Mongolia’s cabinet also cited political distortions as one of the main reasons behind the annulment The Tavan Tolgoi mine is located in

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  • Inner Mongolia to Shut Down Crypto Mining Industry

    2021 3 1 Inner Mongolia an autonomous region of China is banning cryptocurrency mining according to a Bloomberg report on Monday The region plans to force cryptocurrency mining projects to close by

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  • Corruption in Mongolia

    Mongolia’s mining sector is perceived to be highly vulnerable to corruption Most companies rate mining as among the sectors most vulnerable to corruption Asia Foundation Sep 2015 Around 80 percent of FDI has been directed towards the mining industry however government involvement has disincentivized investors in recent years.

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  • Rio Tinto gets coal fired free kick on Mongolian copper mine

    2020 6 29 The open pit at the Oyu Tolgoi copper and gold mine in Mongolia Bloomberg The deal on the state funded power plant represents a rewriting of the

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  • Resource nationalism on the rise in top mining countries

    2021 10 26 Resource nationalism on the rise in top mining countries report An attempt by the Argentinean province of Mendoza to allow large scale mining projects was

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  • World’s Top Bitcoin Mining Rig Maker Halts Sales as

    2021 6 23 Bloomberg Bitmain Technologies Ltd has suspended sales of machines for spot delivery globally aiming to prop up local prices after crypto miners fleeing Beijing’s crackdown dumped used

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  • Rio Tinto blamed for Mongolia mine woes

    2021 8 10 An expert group examining the cause of a US1.4 billion cost overrun at a giant copper mine run by Rio Tinto in Mongolia said in a report that it was caused by mismanagement and not the

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  • China s bitcoin mining is threatening its climate change

    2021 4 8 Technicians make repairs to bitcoin mining machines at a mining facility operated by Bitmain in Ordos Inner Mongolia China on Friday Aug 11 2017.

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  • A Bitcoin hotspot in China is banning all cryptocurrency

    2021 3 9 A popular destination for would be cryptocurrency mining moguls is in the process of banning all mining farms and projects by April The autonomous Inner Mongolia Nei Mongol region of China has

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  • Mongolia

    Mongolia The Human Capital Index HCI database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index disaggregated by gender The index measures the amount of human capital that a child born today can expect to attain by age 18 given the risks of poor health and poor

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  • Turquoise Hill stock crushed after Oyu Tolgoi ..

    2021 10 14 The mine is the country’s biggest source of foreign direct investment having created thousands of jobs and generated almost 3bn of taxes and fee revenue over the past decade.

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  • China’s cryptocurrency miners look to capitalise on policy

    2019 11 25 Technicians exit a cooling chamber adjacent to a wall of bitcoin mining machines at a mining facility in Inner Mongolia Photo Bloomberg

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  • Prophecy Coal

    2021 6 15 Prophecy Coal is a thermal coal mining company and production company in Mongolia With large coal deposits in Mongolia Prophecy Coal receives Mongolian government s mining approval Prophecy Resource Corp.

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  • China’s cryptocurrency crackdown sees Inner Mongolia call

    2021 5 20 Inner Mongolia is cracking down on cryptocurrency mining facilities which consume massive amounts of energy Photo Bloomberg

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  • Mongolia has concerns about Rio Tinto s management of

    2021 10 18 Mongolia is concerned about Rio Tinto s management of the Oyu Tolgoi copper and gold mine in the south Gobi desert a government official told

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  • ‘Patience could run out’ Mongolia warns Rio over copper

    2021 10 9 In a fiery letter Mongolia has revved up the stand off with Rio Tinto over delays and costs blowouts at Oyu Tolgoi and demanded that the company pick up the tab.

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  • Mongolia Restarts Bids for Giant Coal Project

    2014 12 3 Five mining companies including an international consortium have said they would bid to develop Mongolia’s giant Tavan Tolgoi coal deposit as the landlocked Asian nation restarts a long

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  • Mongolian Copper Corporation

    MCC COURT VICTORY GOVERNMENT NATIONALIZATION ATTEMPTS WERE ILLEGAL 2018 05 03 Attempts to nationalize the Mongolian Copper Corporation’s shareholding in the Erdenet mine in March 2017 and again in January 2018 have been ruled illegal by the Administrative Court in

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  • Prophecy Coal

    2021 6 15 Prophecy Coal is a thermal coal mining company and production company in Mongolia With large coal deposits in Mongolia Prophecy Coal receives Mongolian government s mining approval Prophecy Resource Corp.

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  • China Approves Renewable Mega Project for Green

    2021 8 18 Photo Bloomberg Bloomberg The Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce green hydrogen Inner Mongolia’s Energy Administration has given the go ahead to a cluster of plants in the cities of Ordos and Baotou that will use 1.85 gigawatts of solar and 370 megawatts of

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  • Prophecy Coal

    2021 6 15 Prophecy Coal is a thermal coal mining company and production company in Mongolia With large coal deposits in Mongolia Prophecy Coal receives Mongolian government s mining approval Prophecy Resource Corp.

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  • Oyu Tolgoi another Jacques scandal for Rio Tinto

    2021 8 9 Oyu Tolgoi another Jacques scandal for Rio Tinto Back in December our colleague Peter Ker reported that Rio Tinto had been ambushed by its own representatives on

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  • Prophecy Coal

    2021 6 15 Prophecy Coal is a thermal coal mining company and production company in Mongolia With large coal deposits in Mongolia Prophecy Coal receives Mongolian government s mining approval Prophecy Resource Corp.

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  • China s cryptocurrency mining crackdown spreads to

    2021 6 19 China s crackdown on cryptocurrency mining has extended to the southwest province of Sichuan where authorities ordered cryptocurrency mining projects closed in the major mining centre.

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  • PDF

    Managing Mongolia’s resource boom

    2012 1 19 mine three times Mongolia’s 2010 GDP of US 6.1 billion BAEconomics 2011 In October 2009 the government of Mongolia signed an investment agreement for the development of OT with Canada based miner Ivanhoe Mines backed by Anglo Australian mining giant Rio Tinto Tavan Tolgoi TT is estimated to hold reserves of over 6 billion tonnes of

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  • Rio Tinto prepares for Mongolian parliament review

    2019 9 15 Bloomberg The Mongolian government launched a working group in March 2018 to review the implementation of the 2009 Oyu Tolgoi Investment

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  • Bitcoin surges 9 amid Citi comments China region

    2021 3 1 The price of bitcoin also jumped amid news that China s Inner Mongolia will ban all cryptocurrency mining activities by April 2021 The price of bitcoin surged as much as

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