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.
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.
"Mogi" Munkhdul Badral
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