Some of those invested in CEO would indeed get a rather pleasnt surprise if Mark Earley was able to secure, using his waelth of experience in the industry that is, a position in the Tavan Tolgoi Project via the eventual developer.
Let's face it, it's not entirely out of the realm of possibility given that Trinity Mongolia are targetting a project/s in southern Mongolia (region of the Tavan Tolgoi resource) and the MD certainly appears to have the credentials, contacts and industry experience to pull off such a move. Perhaps the delay in news relates to this very project?
The Tavan Tolgoi project in Mongolia has been short-listed to the following companies; ArcelorMittal SA , Vale SA and Xstrata Plc, U.S. coal miner Peabody Energy Corp , a consortium of Chinas Shenhua Group and Japans Mitsui & Co Ltd , and a separate consortium of Japanese, South Korean and Russian companies were the other preferred bidders.
Interestingly a South Korean consortium has signed a US$3B deal to build a railway into the Tavan Tolgoi project which is expected to be completed by 2015.
WC8
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