Mongolian Mining Corporation Responds to Government Review of Tavan Tolgoi License

Mongolian Mining ( (HK:0975) ) has issued an update.

Mongolian Mining Corporation has issued a clarification announcement following remarks by Mongolia’s Minister of Justice and Home Affairs regarding the Tavan Tolgoi coal deposit. A government working group is reviewing the legality of the mining license granted to Energy Resources LLC, a wholly-owned subsidiary of the company. The Minister emphasized the importance of dialogue with private companies like Energy Resources LLC, acknowledging their investments and ongoing operations. The company has not yet been contacted by the working group but plans to engage with the Government of Mongolia to protect its interests and rights over the UHG mine.

More about Mongolian Mining

Mongolian Mining Corporation, incorporated in the Cayman Islands, operates in the mining industry with a focus on coal extraction. Its primary asset is the Ukhaa Khudag (UHG) mine located within the Tavan Tolgoi coal deposit, a strategically important site in Mongolia. The company, through its wholly-owned subsidiary Energy Resources LLC, manages mining operations and holds licenses for coal extraction.

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