ER to Sell Coking Coal to Europe
July 7 (summarized from news.gogo.mn) Energy Resources has signed a 2 year marketing contract with Thyssen Krupp MinEnergy GmbH thus paving the way to export its premium coking coal to the European market, the article says.
Thyssen Krupp MinEnergy is a subsidiary of Thyssen Krupp.
"ThyssenKrupp is a global integrated materials and technology group with almost 188,000 employees in more than 80 countries developing ideas and innovations to offer solutions for sustainable progress. In the 2008/2009 fiscal year they generated sales of more than €40 billion." according its website
(Mogi: No news of this found in either ER's or Thyssen Group MinEnergy's website or any other news outlet. Will keep an eye on this to confirm)
EBRD loans $180 million for Mongolia coal washing plant
July 6 (Platts) London, The European Bank for Reconstruction and Development said Tuesday it agreed to a $180 million loan for the construction of the first coal washing plant in Mongolia at Energy Resources' Ukhaa Khudag (UHG) coking coal mine in South Gobi.
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The EBRD said in March 2009 it was taking an equity stake in privately-held Energy Resources through an investment of up to $30 million.
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"Mogi" Munkhdul Badral
CPS International
Email: mogi@cpsinternational.mn
Mobile: +976-99996779
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based ASX Licensed Financial Services Company. To trade ASX stocks, feel free to contact me at mogi@cpsinternational.mn or +976-9999-6779.
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