Ivanhoe Mines Ltd. (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN) today announced its results for the quarter ended September 30, 2009. All figures are in US dollars, unless otherwise stated.

Red Hill Energy (TSX VENTURE:RH) announced today the results from its recent geophysical survey program on its 4,961 hectare Khoot Ovoo property in northern Mongolia. Dual magnetic and IP resistivity surveys show strong potential for a coal-bearing basin only 20 km from Red Hill's 100% owned, 208 million tonne hard coal resource at Ulaan Ovoo. Surface prospecting at Khoot Ovoo previously identified this as the most prospective of several sedimentary basins near Ulaan Ovoo. If confirmed, the proximity of both basins could significantly enhance the life and economics of a large mining operation in this region.

Mongolia is quickly becoming the next great frontier for the world’s supply of coal, copper, uranium, and gold. The country is as undeveloped as the Democratic Republic of Congo, though somewhat more stable, politically — although that is not saying much.

Mongolia Energy Corp., the Hong Kong-traded mineral and energy explorer, signed a $206 million agreement with a contract miner to extract coal from its pit in the west of the country.