AGP Executive Report
Last update: 10 hours agoMining: Erdene reported Q3 net income of $9.6 million, producing 11,853 ounces of gold worth US$51 million in gross revenue at Bayan Khundii. Entrée Resources also closed an oversubscribed C$36.2 million financing. Trade and Fuel: Mongolia secured 92,000 tonnes of fuel orders for November—about 20,000 tonnes above normal monthly use. Copper shipments have resumed after border transport bottlenecks eased, with daily departing vehicles rising from about 14 to 134. Industry: A new Darkhan gelatin plant will turn livestock byproducts into food-grade and industrial products, with capacity to process 300,000 cattle hides a year and potential to create export revenue and local jobs. Oyu Tolgoi: Q3 copper output rose 27% year on year to 113,500 tonnes as underground production continued to ramp up.
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