signs mou with mongolian government

Modun announced that they have signed an Memorandum of Understanding with nthe Mongolian Government for a 5 year contract to produce briquettes from the 100% owned Nuurst coal deposit. The briquettes will be used to help reduce the air pollution ion the capital city. A local metallurgist has been appointed to the position of Project Manager bringing local experience to the company.

The announcement will remove any doubts that the company now has a cash generating project which has government backing and opens the door for Modun to pursue other off take contracts and possibly help to get into the huge pollution issues in China's main cities.