Wednesday, July 7, 2010

[cpsnewswire] [BREAKING NEWS] ER to Sell Coking Coal to Europe & EBRD $180 Mln Loan to Build Coal Washing Plant at UHG

ER to Sell Coking Coal to Europe

July 7 (summarized from 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

Link to article

(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.

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.

Link to article


"Mogi" Munkhdul Badral

CPS International


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 or +976-9999-6779.

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