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JOGMEC interested in Xanadu's Red Mountain

JAPANESE firm JOGMEC is to earn a 51% interest in ground held by Xanadu Mines in the South Gobi by spending US$7.2 million over four years.

Michael Quinn
Xanadu has been exploring in Mongolia for some years

Xanadu has been exploring in Mongolia for some years

  Xanadu will manage the exploration of the Red Mountain joint venture, with the agreement not covering the Xanadu's flagship Kharmagtai project 265km to the west where 1.9 million tonnes of copper...

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