The company's largest shareholder, LIM Asia Special Situations Master Fund, has said it will subscribe for its pro rata share of the offering, which is about 28%, after an independent technical review of Kincora's targets and proposed work programmes.

Kincora also said it had received strong indicative support from insiders, including existing and new shareholders.

Chairman Cameron McRae said he was glad Kincora had attracted a strong cornerstone position from its largest shareholder and interest from other experienced institutional resource sector specialist and high net-worth investors.

"This offering has been structured to align the immediate and medium-term capital markets strategy to our asset portfolio of five standalone, large and drill ready porphyry targets. Success on any one of these targets would indicate a new globally significant copper discovery," he said.

CEO Sam Spring said the offering would "provide a strong foundation for the drill bit to again drive Kincora's valuation going forward, ramping up our exploration and expansion activities".

In March, Spring told Mining Journal Kincora was gearing up to drill anywhere between 9,000 and 18,000m at Brown Fox and Tsagaan Suvarga in the hope of making the first globally significant discovery since 2014.

Kincora's shares (TSXV:KCC) were trading at 8.5c Tuesday, down 5.56% from the previous close and 34.6% lower than at the start of the year.

The month-long campaign aims to raise public awareness of environmental protection and intensify efforts to protect environment, especially rivers and lakes, the ministry said in the statement.

During the national campaign starting on Monday, employees of the government, non-governmental organizations and companies will clean several major rivers and lakes across the country.

In addition, the ministry and relevant agencies plan to hold numerous activities, including publicity campaigns on environmental protection and volunteering to plant trees along river banks.

The ‘Hu’ has been becoming famous internationally as their song ‘Wolf Totem’ reached No. 1 on Billboard’s Hard Rock Digital Song Sales. The band is now preparing to tour Europe. This will begin in Berlin on 6 June and continue until 6 July. Tickets for the concerts will be available from 3 May.

Formed in 2016, the four-member band from Mongolia’s capital city of Ulaanbaatar, released a pair of songs last autumn. The ‘Hu’ incorporates traditional Mongolian instrumentation and throat singing into its music, resulting in material that’s often hard-hitting, though without the sounds that most heavy metal acts might utilize, namely electric guitar.

The Hu is currently prepping a debut album, Gereg, due via Eleven Seven Records.

The meeting is being co-chaired by T.Dulamdorj, Deputy Defense Minister of Mongolia, and Mohinder Pratap Singh, Ambassador of the Republic of India to Mongolia, with presence of delegates of the parties.

During the consultative meeting, the parties exchanged views on current state of bilateral cooperation in defense sector and future collaboration issues. They discussed a broad range of issues including training military personnel, conducting joint peacekeeping and special force training and exercise, involving military personnel in English training and cooperating in information technology and military hospital fields.

The parties also decided to organize joint military exercise ‘Nomadic Elephant’ in India this year. In addition, 50 military-purpose parachutes have been donated as non-refundable aid to Mongolian side during the consultative meeting.

The economic growth of Mongolia last year was 6.9 percent, the highest in four years. The Asian Development Bank (ADB) expects the country's growth to be 6.7 percent this year. Khurelbaatar Chimed, Mongolia's finance minister, cited the country needs buffers to avoid an increasing government debt.

“Three years ago, government debts accounted for 85 percent of our GDP, now [the percentage] is down to 58 percent. We need buffers,” said Chimed, noting that his country has created the stabilization fund and the wealth fund, and it's also necessary to be very careful about expenditure decide for the budget.

Mongolia has identified tourism as a sector that can be developed to diversify its economy and create jobs, setting a goal of hosting one million foreign tourists and making one billion U.S. dollars from the industry in 2020.

More infrastructure is needed, which is beneficial to both local Mongolians and other foreigners, according to Chimed.

China and Mongolia are eager to strengthen relations under the agreed flagship China-Mongolia-Russia Economic Corridor (CMREC), one of the key corridors under the Belt and Road Initiative (BRI).

Chimed cited it is historic for Mongolia to be part of the BRI, indicating that “Mongolia is looking at it [CMREC] as an opportunity and trying our best to be connected with other countries and take advantage of this strategy.”

The week under the theme of "Joint Innovation" is being co-organized by the Mongolian Ministry of Education, Culture, Science and Sports, the Mongolian Academy of Sciences, the Mongolian National Chamber of Commerce and Industry, several universities and other relevant institutions.

The event aims to create cultural innovation and develop creative thinking and innovation skills in public and private organizations in order to promote the development of the country's society and economy, the Mongolian Ministry of Education, Culture, Science and Sports said in a statement.

In the week, a series of activities will be held in the Mongolian capital city of Ulan Bator, including an exhibition of innovative products, discussions about innovation and a contest to award innovative ideas and projects for business.

Since 2015, the Innovation Week has been annually organized in Mongolia.

Proposed in August 2018, the so-called East Asian Railway Initiative aims to lay the foundation for cross-border reconciliation as well as boosting economies and security in the region. The targeted countries are the two Koreas, Mongolia, China, Russia and Japan.

KRNA said its chairman and CEO Kim Sang-gyun met President Khaltmaagiin Battulga and other top Mongolian officials, to talk about the "realization" of Moon's initiative.

Kim's meetings with Mongolian leaders were part of his two-nation trip, including Russia, from April 19 to 26.

"Mongolia, located at the heart of the Eurasian continent, is a core partner country of the New Northern Policy," Kim said. "It is expected that a further step toward the realization of the East Asian Railway Initiative will be made soon and a wide range of exchanges of railway technology between the two countries will be incorporated in the coming months."

Kim also met Minister of Mongolian Road and Transport Enk Amgalan and Mongolian Railways President Senggel Volt.

Kim agreed to form a working-level committee to strengthen cooperation with Amgalan, while signing a memorandum of understanding (MOU) with Volt.

The MOU includes construction and engineering of the Mongolian Railway Development Master Plan established in 2010, and exchanges of railway technology and personnel.

Accordingly, KRNA will help build the 247-kilometer Tavan Tolgoi-Gashuun Sukhait Railway and the 414.6-kilometer Tavan Tolgoi-Zuunbayan Railway.

KRNA will also co-host the Mongolian Railway Academy with the Korea Trade-Investment Promotion Agency (KOTRA) to train railway experts in Mongolia.

Kim took a trial ride on a Trans-Mongolian Railway train and a Trans-Siberian Railway train.

On his way home, he stopped at Khasan and Vladivostok in the Russian Far East.

In August 2018, President Moon said the railroad community would lead to greater cooperation among the concerned nations, comparing it to the European Coal and Steel Community that laid the foundations for the European Union.

He reiterated his visions for improving inter-Korean ties and economic cooperation, saying that improving inter-Korean relations was a "catalyst for denuclearization of the Korean Peninsula."

In April, the Darkhan-Uul and Bayankhongor branches of the BoM bought 9 kg and 3 kg of gold respectively. The gold purchase increased since the adoption of the bill on amendments to the Law on Mineral Resources at the irregular session of the Parliament. Gold royalty was increased from 2.5 to 5 percent.

Throughout April, average price for a gram of gold stood at MNT 108,757.

Within the project funded by the Rotary Foundation of Rotary International, India's specialized and experienced physicians will conduct training on on-site surgery, diagnosis and modern trend of surgical services in collaboration with professional team of the hospital.

This collaborative activity, aiming to improve capacity of surgical services in Mongolia, is being held for the second time at this hospital. The Indian physicians will work at the hospital until May 16.