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Double whammy for Erdene

Erdene Resource Development has had a good week with the positive development decision on Mongolia’s biggest mine and bumper drill hits at its own project in the East Asia country resulting in a healthy share price jump.

Mining Journal
The development decision on the underground Oyu Tolgoi deposit has filtered through to other Mongolia-focused companies

The development decision on the underground Oyu Tolgoi deposit has filtered through to other Mongolia-focused companies

The US$5.3 billion pledge by Rio Tinto to develop the underground deposit at Oyu Tolgoi in Mongolia was out of its hands, but the drill intersections at its Bayan Khundii gold project in the southwest...

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