The project, now Erdene’s flagship venture, has grown to prominence in the past 18 months. The company has held a variety of mineral interests in Mongolia, but leaned towards gold once Bayan Khundii came into the picture.

Before that, the Halifax, Nova Scotia-based miner had been advancing its Altan Nar project (meaning Golden Sun).

Today results show a new gold zone (Midfield) discovered in October under younger cover, includes some of the highest grades and the longest mineralized intervals intersected to date, the firm said.

Other highlights from the press release:

Gold mineralization at Midfield includes some of the highest grades and the longest mineralized intervals intersected to date including:
o 149 metres of 2.1 g/t gold from 23 metres depth, including 41 metres of 5.2 g/t gold and 15 metres of 6.5 g/t gold (BKD-90)
o 72 metres of 4.0 g/t gold from 108 metres depth (BKD-92)
o 16 metres of 3.9 g/t gold from 19 metres depth and 40 meters of 1.0 g/t gold from 106 metres depth (BKD-95)

Bayan Khundii project went from greenfield prospect to being Erdene’s flagship asset in roughly nine months.
All step-out confirmation holes intersected gold mineralization with visible gold observed in six of the eight holes, establishing lateral continuity of the new mineralized Midfield Zone in all directions.
Geophysical surveys indicate alteration zones that host gold mineralization at Midfield extend under cover along the 1.7 kilometre north-northeast trend.
2017 exploration drill program now being designed to test additional target areas.
Peter Akerley, Erdene’s President and chief executive said the company would launch this year a resource drilling program, complimented by an extensive exploration scheme designed to expand the known areas of gold mineralization at Bayan Khundii as well as our other targets in the district including Altan Nar.

Mongolia’s mineral wealth drew several firms in the past two decades as it opened up to investment. The main attraction has always been the country’s riches — vast deposits of copper, coal and iron ore— as well as its proximity to China, the world’s biggest buyer of the minerals.

The enthusiasm peaked in 2011 when the land-locked nation’s economy grew 17% or the fastest pace on the planet. It’s been downhill since.

The FIFA Council unanimously approved the expansion in a meeting in Zurich on Tuesday.

FIFA President Gianni Infantino proposed the expansion last October.

Participants at Tuesday's meeting say that despite initial opposition from some FIFA Council officials, almost nobody raised objections as FIFA stressed the benefits of the expansion, including an increase in revenue.

The World Cup finals will be expanded for the first time in 28 years.

The number of teams increased from 24 to the current 32 in the 1998 World Cup in France. Japan made its first appearance in that year.

FIFA has yet to decide how many extra places will be allotted to each of the 6 continents.

At present, Asia has 4.5 slots for the World Cup finals. There is speculation that this may be increased to 7.

National Development and Reform Commission Chairman Xu Shaoshi said China's GDP grew 6.7 percent in the first, second and third quarters of last year. He said the annual growth rate is expected to be about the same.

Xu did not mention China's growth target for this year. But he said the country's economy has the potential to maintain a reasonable pace of expansion.

The Chinese government will release the official GDP figures for 2016 on January 20th.

Speaking about Trump’s policy on France 2 television, Le Pen said it was "economic patriotism, (and) intelligent protectionism."

"I don't mind explaining to French companies that they can not escape tax that they should be paying in France, that they cannot go offshore without suffering the consequences... A choice has to be made, a choice of patriotism,” she said, as quoted by Reuters.

French car makers Renault and Peugeot have big plants in Spain, Russia and Eastern Europe.

Trump has pledged to dramatically hike tariffs on US cars made abroad, as moving production out of the country costs American jobs. The president-elect also praised Ford for scrapping a plan to build a plant in Mexico and Fiat-Chrysler’s announcement to create 2,000 jobs in the US.

Socialist Arnaud Montebourg and left-wing independent Jean-Luc Melenchon also praised Trump’s policy.

Le Pen’s calls for protectionism and anti-globalism has made her one of the upcoming French presidential elections favorites. The bookmakers regard conservative Francois Fillon as a favorite, and Le Pen is second favorite to win on April 23.

Fillon has a polar opposite stance on the car business. He calls for liberalizing car production and selling the government's 20 percent stake in Renault. Fillon says government control will not prevent companies from moving production abroad

France, which owns 87 percent of Areva, notified the European Commission in April of the restructuring plan to restore the group's competitiveness and financial position.

State aid may be authorized under certain conditions when it contributes to an objective or common interest without unduly distorting competition.

The European Commission, which oversees competition policy in the European Union, said the state aid was subject to conditions, in particular a positive conclusion of tests on the nuclear reactor vessel Flamanville III and an approval of the divestment of Areva's reactor business.

Areva will concentrate on nuclear fuel.

(Reporting By Philip Blenkinsop; editing by Robert-Jan Bartunek)

In a report, the bank said the relationship is crucial for the world economy as the two countries have the most power to move global markets. This relationship could be tested in the coming months, depending on US President-elect Donald Trump’s agenda, BofAML added.

“It remains to be seen whether the incoming US administration will name China a currency manipulator,” analysts at BofAML said.

Trump has repeatedly argued many Chinese policies are unfair, pointing to Beijing’s currency manipulation, theft of trade secrets, hacking, lax labor and environmental regulations. He accused China of taking American jobs and depressing wages.

During his election campaign, Trump accused China of manipulating its currency to give its exports an advantage over US-made goods. He threatened to slap a tariff of up to 45 percent on Chinese imports.

In December, President-elect Trump established the White House National Trade Council, to be led by Peter Navarro, who’s a hard-line critic of China.

“Invoking the law would trigger a year of ‘enhanced bilateral engagement, ’ and if Trump deems the results as inadequate he can impose a number of relative modest trade restrictions,” Bank of America’s analysts said.

They added that both sides could impose considerable economic and “financial pain on the other (and the rest of the world); however, it is not clear how much each is willing to offer.”

According to the report, China could potentially agree to make some small concessions.

“We could imagine China agreeing to tighten its environmental rules since it seems increasingly in their self-interest and they are already trying to prevent weakness in their currency, but other concessions could prove hard to come by,” said Ethan Harris, head of global economics at BofAML.

The company’s CEO Marissa Mayer along with another five longtime directors will step down from the board, according to Yahoo’s regulatory filing.

The new name is a combination of the words ’alternate’ and ‘Alibaba,’ said a person close to the issue, as quoted by the WSJ.

Altaba’s remaining assets include Yahoo’s 15 percent stake in the Alibaba Group and 35.5 percent stake in Yahoo Japan.

The new company named Eric Brandt chairman of the board. Brandt, the former chief financial officer of the US-based semiconductor producer Broadcom, joined Yahoo’s board last March.

According to the filing, Brandt will be joined by four other directors who are currently on Yahoo’s board.

“Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith will continue to serve as directors of the Company following the Closing, and Mr. Brandt will serve as Chairman of the Board,” the company said.

Verizon announced the acquisition of Yahoo for $4.83 billion last July. The deal doubled Verizon's digital advertising business. The corporation received Yahoo's search, mail, and content businesses.

The terms of the agreement could be changed, and there is even the possibility of it being recalled after Yahoo disclosed two separate data breaches last year.

Verizon is investigating the data breaches. However, it is unlikely to scupper the deal as company executives see a strong strategic fit with Yahoo.