Mongolian Economy and Finance

Rio’s Turquoise Hill Resources Ltd. unit also agreed today to sell a 29.95 percent stake in Mongolian coal producer SouthGobi Resources Ltd. for C$25.5 million ($23.5 million).

(RTTNews.com) - Turquoise Hill Resources Ltd. (TRQ, TRQ.TO) Wednesday said it has entered into a share purchase agreement with National United Resources Holdings Limited, a Hong Kong-based public company, for the sale of a 29.95 percent stake in SouthGobi Resources Ltd., an integrated coal mining, development and exploration company operating in Mongolia.

HONG KONG, Jul 30, 2014 (Canada NewsWire via COMTEX) -- National United Resources Holdings Limited (the "Company", HKEx stock Code?254) is pleased to announce that it has entered into a Sale and Purchase Agreement dated July 29 2014 (Vancouver, British Columbia time) ("SPA") pursuant to which it has agreed to acquire, from Turquoise Hill Resources Limited, 29.95% of the common shares in SouthGobi Resources Limited (tsx stock symbol:SGQ and HKEx stock code) ("SouthGobi" and the proposed acquisition the "Acquisition").

Shares of Turquoise Hill (NYSE:TRQ) (NASDAQ:TRQ) (TSE:TRQ) increased on Wednesday after the company said it is selling a near 30 percent stake in Mongolia-focused coal miner SouthGobi Resources for C$25.6 million, trimming down its total 56 percent interest.

VANCOUVER, BC--(Marketwired - July 30, 2014) - Turquoise Hill Resources ( TRQ ) ( TRQ ) ( TRQ.TO ) (Turquoise Hill or the Company) today announced that it has entered into a share purchase agreement with National United Resources Holdings Limited (the Purchaser), a Hong Kong-based public company listed on the main board of the Stock Exchange of Hong Kong (SEHK), providing for the sale to the Purchaser of a 29.95% stake in SouthGobi Resources Ltd. (SouthGobi), an integrated coal mining, development and exploration company operating in Mongolia.

Xanadu Mines Ltd (ASX: XAM) is pleased to announce that it has entered into a binding agreement to sell its 50% interest in the Ekhgoviin Chuluu LLC joint venture to ASX listed Aspire Mining Ltd (ASX:AKM).

Aspire Mining, an exploration and development company, has agreed to buy Xanadu Mines’ (Xanadu) 50% stake in the Ekhgoviin Chuluu Joint Venture (ECJV) which holds a 60% stake in the Nuurstei Coking Coal project in Northern Mongolia with an option to increase it to 90%.

Aspire Mining Ltd. (AKM), the Australian firm developing coking coal assets in northern Mongolia, said it agreed to buy 50 percent of a venture with Noble Group Ltd. (NOBL) to expand its footprint in the Asian nation.

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Viking Ashanti ( ASX: VKA ) and its 92.69% owned subsidiary Auminco Mines have clinched a future coal supply agreement with a Mongolian Government power authority for its Berkh Uul Bituminous Coal Project in northern Mongolia.

VANCOUVER — Teck Resources Ltd. has increased its investment in a small Halifax-based mining company that will use the funds to explore for copper in Mongolia under a strategic alliance announced last year.

VANCOUVER - Teck Resources Ltd. (TSX: TCK-B.TO - News ) has increased its investment in a small Halifax-based mining company that will use the funds to explore for copper in Mongolia under a strategic alliance announced last year.

VANCOUVER — Teck Resources Ltd. (TSX:TCK.B) has increased its investment in a small Halifax-based mining company that will use the funds to explore for copper in Mongolia under a strategic alliance announced last year.

Newly Mongolian focused Viking Ashanti ( ASX: VKA ) is a step closer to acquiring unlisted Auminco Mines Limited, owner of a package of advanced coal assets after lodging a Bidder’s Statement with ASIC today.

Sydney, Australia, Feb 3, 2014 - (ABN Newswire) - Xanadu Mines Ltd (ASX: XAM.AX - News ) is pleased to announce that its joint venture company, Mongol Metals LLC ("Mongol Metals"), has entered definitive agreements with a wholly owned subsidiary of Turquoise Hill Resources Ltd ("THR") to acquire a 90% interest in Oyut Ulaan LLC ("Oyut Ulaan") which in turn owns 100% of the Kharmagtai porphyry copper-gold exploration project located in the South Gobi region of Mongolia ("Kharmagtai") (Figure 1 in link below).

Xanadu Mines (ASX: XAM) and its joint venture company Mongol Metals have agreed to acquire a 90% interest in the Kharmagtai advanced porphyry copper-gold exploration project in Mongolia for US$14 million from Turquoise Hill Resources.

PERTH (miningweekly.com) – ASX-listed Xanadu Mines has signed a $14-million deal with Turquoise Hill Resources to acquire the Kharmagtai porphyry copper/gold project, in the South Gobi region of Mongolia.

Xanadu Mines and its joint venture partner Mongol Metals have entered an agreement to acquire a 90% stake in the Kharmagtai copper-gold exploration project in Mongolia.

Xanadu Mines (ASX: XAM) has completed the acquisition of a 90% interest in Vantage, which holds the Oyut Ulaan porphyry copper-gold project in Mongolia, following shareholder approval.

Calgary, Alberta CANADA, Dec 24, 2013 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - TSX Venture), ("MGG" or "the Company") is pleased to announce the closing of the sale of Mandal General Daatgal LLC ("Mandal") by MGG to UMC Capital LLC ("UMC Capital").