articles of interest, page-4

?Coal Mongolia 2011?, the big international coal event to promote Mongolia?s coal industry concluded last Friday in Ulaanbaatar, reassuring that Mongolia is a new player of world?s energy industry.

More than four hundred foreign and domestic delegates attended the event of two days. The attention of the international investors to the conference was focused on the second day of the event as it held discussion on coal investment projects and production.

Besides, a presentation of Tavan Tolgoi, the world?s largest untapped coking coal deposit, was presented by B.Enebish, CEO of state-owned Erdenes MGL? LLC incorporated to represent state interest in strategic and state funded deposits and acting CEO of Erdene Tavantolgoi Ltd.

The second day was a kind of long-awaited as Hunnu Coal Ltd that managed to trade its shares at the Australian Stock Exchange, held a presentation of its project. Separate presentation of two untapped coking coal deposits of Khushuut and Ovoot was also held that day.


International investors have been more interested about to what extend the Mongolian government gives importance to these coal projects.

Especially, they have been concerned about who is more likely to win open bidding for contract miner that will conduct mining operations in eastern Tsankhi Area of Tavan Tolgoi Mine, on a contract basis.


?A short list of companies that sent tender documents will be available next week? said Enebish.
The world?s monetary flow directing towards Mongolia is targeting the country?s coal industry, stressed local mining experts who attended the event.

On the sidelines of the event, a local newspaper interviewed Battsengel Gotov, CEO of Energy Resources LLC, about a to-be-open coal washing plant.


- What is the progress of construction of your coal washing plant?
- The project is closing to final phase. We will commence an experimental production by this March.
- When it will be officially opened?
- Before this April. I believe it will open up a new page in history of Mongolia?s coal industry.
- How do you transport your coal?
- We started to export coal in 2009.

We transport it by aggregate-paved road. As demanded by the Environment Ministry, we decided to build asphalt road until rail line is available and started our road construction project in May 2009. At present, 70% of the work is completed. We plan to complete it in July 2011.

Anyone want to bet that Mark was all snuggled up nice and warm :-)