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Oyu Tolgoi Pauses Underground Operations After Seismic Event
Rio Tinto has paused underground operations at the Oyu Tolgoi copper-gold mine in Mongolia after seismic activity along a rock fault zone caused ground vibration in the underground mine at around 18:00 local time on October 29. There were no fatalities.
Mongolia’s Copper Exports Stall at the Chinese Border, Putting Over USD 1 Billion at Risk
Shipments have dropped by about 70% since mid-October, and authorities have yet to explain why Mongolia’s copper concentrate exports have slowed sharply since October 15. Over that period, the Chinese side has cleared only a fraction of the vehicles arriving at the border.
DBM's New Strategy: The Promises and Risks
The Board of Directors of the Development Bank of Mongolia (DBM) has approved the bank's 2026-2030 Strategic Plan. Approved as DBM receives an MNT 1 trillion Government recapitalisation, issues a USD 750 million bond and resumes lending after a four-year pause, the plan is the…
