Latest Mongolia News

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.

Jade Gas Holdings (ASX: JGH) has voluntarily suspended its shares on the ASX ahead of an announcement expected by 20 July regarding a development partnership and funding commitment.