Mongolia Energy Announces Construction of Dust Suppression Wall at Khushuut Coal Mine

Mongolia Energy ( (HK:0276) ) just unveiled an announcement.

Mongolia Energy Corporation Limited has announced a discloseable transaction involving the construction of a dust suppression wall at its Khushuut Coal Mine. The construction, initially delayed due to the trial operation of the Khushuut Intelligent Processing Plant, is now set to continue through the winter season with an amended contract. This amendment increases the total project cost to approximately HK$7,572,360. The transaction is subject to reporting and announcement requirements under the Hong Kong Stock Exchange Listing Rules due to the aggregated transaction value exceeding 5% of applicable percentage ratios.

The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.

More about Mongolia Energy

Average Trading Volume: 306,031

Technical Sentiment Signal: Buy

Current Market Cap: HK$144.9M

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