Mongolian Mining (HK:0975) has released an update.
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Mongolian Mining Corporation has announced its acquisition of a 50.5% stake in Universal Copper LLC for $20.5 million. This strategic move gives Mongolian Mining a significant interest in a company engaged in the exploration of copper and non-ferrous metals in Mongolia, enhancing its portfolio with valuable mining assets. The acquisition is expected to bolster the company’s presence in the mineral resources sector.
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