Latest Mongolia News

OD6 Metals consolidates progress across its rare earths, copper, and fluorspar assets with strong resource bases and ongoing development activities in Nevada, Western Australia, and New South Wales.

Tartana Minerals has secured a $2.3 million placement from Xingye Gold, which now holds just under 10% of the company but declines further rights or involvement.

TMK Energy has increased its average daily gas production by 5% in July 2026, with August figures already surpassing 800m3/day. The company is advancing its 2026 Work Program and finalising design for a Gas to Power Project, targeting first power generation by year-end.

Jade Gas has completed a A$11 million placement, boosting its cash reserves beyond A$20 million to fund key development and strategic moves, including a proposed Hong Kong listing.

Azzuro Resources' 3D gravity inversion at Red Hill uncovers a continuous high-density body extending well below existing drill levels, highlighting new down-plunge and southwest targets for imminent drilling.

Jade Gas Holdings has secured regulatory approvals for Mongolia’s first coal bed methane reserves, completed a A$12 million capital raise, and signed a non-binding A$1.1 billion collaboration agreement to fund initial development of its Red Lake gasfield.

Azzuro Resources has locked in a major copper-gold discovery at its newly acquired Red Hill project in Mongolia, confirming a high-grade VMS system over nearly 550 metres of strike with significant expansion potential.

TMK Energy reported a record gas output of around 28,000 scfd in June 2026, backed by a fully funded 2026 work program and key management hires. The company is progressing a 1MW gas-to-power pilot with Mongolia’s largest LPG distributor.

Coronado Global Resources surged back to profitability in Q2 2026, driven by a 39.3% jump in saleable production and a 27.7% fall in mining cash costs. Buchanan mine hit record half-year output, while Curragh staged a major operational turnaround.

Rio Tinto delivered a robust first half in 2026 with a 28% jump in underlying EBITDA to $14.8 billion, powered by copper ramp-up at Oyu Tolgoi, lithium expansion, and operational gains. The miner also lifted its interim dividend by 43% amid disciplined capital investment and steady iron ore output.

Jade Gas has inked a non-binding deal with a Chinese consortium to fund the first phase of its Red Lake CBM project in Mongolia, unlocking a potential game-changer for regional energy supply.

Tartana Minerals has locked in a $5.18 million placement with Chinese mining giant Xingye Gold at a striking 165% premium to its last traded price, setting the stage for accelerated exploration and a new strategic partnership.