FINANCE VIDEO: Mongolia Energy Corporation (HKG:0276) Executive Gordon Poon Speaks at Beijing Mines and Money 2010.
The principal business is that of an energy and natural resources developer and currently have projects and investments in the independent nation of Mongolia and Xinjiang, PRC. As an energy and resources developer, MEC acquire concession areas, and with an international team of experts, coordinate all aspects of mine development, including exploration, mine design and extraction to international standards.
View the Video here:
http://www.abnnewswire.net/multimedia/en/63103/Mongolia
MEC currently owns approximately 330,000 hectares of concession areas in western Mongolia at Khushuut, Darvi, Gants Mod, Olon Bulag, Gobi-Altai and Banyan-Olgiy for coal, ferrous and non-ferrous metals resources. MEC has interests in various oil and gas projects in western and southern parts of Mongolia and an investment in a resources corporation authorized to invest in coal, copper and iron resources as well as minerals processing in Xinjiang and elsewhere in the PRC. These other interests and investments provide additional opportunities for the Company.
Over the last two and a half years, MEC has focused on developing the Khushuut coal mine areas. These are 600 hectares out of 330,000 hectares of our concession areas in western Mongolia. MEC has demonstrated approximately 149 million tones of JORC in-place coal resources. The coal resources are of a premium coking coal quality with low sulfur, low to mid volatile matters and a high caking index. These make MEC's coal resources a premium blending material for the production of coke to be used by steel manufacturers wishing to manufacture premium steel products, including rolled steel and deformed steel products, for infrastructure projects in the PRC. The roadway from Khushuut to the border with Xinjiang which has been substantially completed will assist MEC's production scheduled to commence later this year.
View the Video here:
http://www.abnnewswire.net/multimedia/en/63103/Mongolia
MEC currently owns approximately 330,000 hectares of concession areas in western Mongolia at Khushuut, Darvi, Gants Mod, Olon Bulag, Gobi-Altai and Banyan-Olgiy for coal, ferrous and non-ferrous metals resources. MEC has interests in various oil and gas projects in western and southern parts of Mongolia and an investment in a resources corporation authorized to invest in coal, copper and iron resources as well as minerals processing in Xinjiang and elsewhere in the PRC. These other interests and investments provide additional opportunities for the Company.
Over the last two and a half years, MEC has focused on developing the Khushuut coal mine areas. These are 600 hectares out of 330,000 hectares of our concession areas in western Mongolia. MEC has demonstrated approximately 149 million tones of JORC in-place coal resources. The coal resources are of a premium coking coal quality with low sulfur, low to mid volatile matters and a high caking index. These make MEC's coal resources a premium blending material for the production of coke to be used by steel manufacturers wishing to manufacture premium steel products, including rolled steel and deformed steel products, for infrastructure projects in the PRC. The roadway from Khushuut to the border with Xinjiang which has been substantially completed will assist MEC's production scheduled to commence later this year.
Comments
Post a Comment