Wednesday, July 30, 2014

Mongolia Energy : Selects Mining Service Provider for Coalmine

HONG KONG, July 29, SinoCast -- Mongolia Energy Corporation Limited (MEC; SEHK: 0276) has selected mining service provider to offering coal mining service for Khushuut Coal Mine with a term of three years and 35 days. Service charges are expected to reach USD 1.7 million in 2014.

Mongolia Energy planned to resume coal production and exports from the fourth quarter, which will be affected by operation of coal processing and dressing plants and market situation.

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