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[Nissie]

Mongolia Energy to add ferrous resources for $271M
2009/07/13 08:28

(Infocast News) Mongolia Energy (00276) agreed to buy a firm which owns the entire stake in Zvezdametrika LLC for US$35 million ($271.25 million) in cash and stock to boost its reserve of ferrous resources.

As part of the consideration, Mongolia Energy will issue 54.577 million new shares at $2.84 apiece, representing a premium of 6.77% to the closing price per share of $2.66 last Friday.

Zvezdametrika holds an exploration concession of around 2,986 hectares (29.86 square kilometres) in Bayan-Olgiy Aimag in western Mongolia. According to the latest geological report of the area, there are various layers of minerals deposits with ferrous resources. The combined ore bodies are estimated at 504 million tonnes of which 188 million tonnes are between the surface and 300m in depth. The sampling indicates a 41.7% grading for this layer of deposit equivalent to approximately 78 million tonnes of ferrous resources

[DausendUndMehr]

Trotz allem liegen meine ME die ich noch habe 100% im Plus

[Nissie]

hier der Jahresabschluss zum 31.3.09

http://www.hkexnews.hk/listedco/listconews/sehk/20090723/LTN…

[Nissie]

Mongolia Energy receives Khushuut mine's tech report
2009/10/19 10:00

(Infocast News) Mongolia Energy (00276) announced that it has engaged John T. Boyd Company (Boyd), an independent mining and geological consultant, to provide an independent technical review of the proposed Khushuut openpit coal mine in Khovd Province, Mongolia, including examining its economic viability. On 17 October 2009, Mongolia Energy received the independent technical review from Boyd in which Boyd sets out its findings.

According to the report, the life of mine of the Khushuut mine is estimated to be 19 years; Mongolia Energy has eight mining licences and one exploration licence for the total concession areas of approximately 34,380 hectares, within the vicinity of the Khushuut mine; the Khushuut mine area of approximately 600 hectares, contains approximately 156.2 hectares of coal bearing strata; for the 29 coal seams being identified in the Khushuut mine, the main horizon, including the C Seam and the B Seam, accounts for all the in place coal resources estimated by Boyd; the indicated coal resource for the C Seam and the B Seam was estimated to be approximately 149 million tonnes; the total ROM coal resources at the Khushuut mine was estimated to range between 134.7 million to 140.9 million tonnes at the assumed price for the blended product between US$60 to US$135 FOB at the mine; the float portion of the C Seams ranges from primary coking coal to blend coking coal (meager lean and meager types). The float portion of the B Seam ranges from meager lean to meager to lean types of coal, and depending on the availability of premium coking coals from C Seam, some tonnage of the meager lean type from the B Seam may be blended into coking products; the Khushuut mine is suitable for openpit mining method; Mongolia Energy is building the roadway (the Khushuut Road) to link the Khushuut mine to the Yarant Border Station at the Mongolia-Chinese border, a distance of approximately 310 kilometres. Construction of the foundation is substantially complete. The total cost for the foundation portion of the road is approximately US$125 million (equivalent to $975 million). During 2010, Mongolia Energy will resolve any final base construction matters, and at its option, complete the road surfacing for an estimated US$71 million ($553.8 million); the total capital expenditure for developing the Khushuut mine, excluding the construction of the Khushuut Road, was estimated to be US$202.939 million ($1.583 billion) over a period of two years, with US$101.149 million ($788.962 million) for the first year and US$101.79 million ($793.962 million) for the second year, based on the development of an 8 Mtpa operation by the fourth year; Mongolia Energy is also considering a build-own-operate-transfer (BOOT) arrangement for the coal preparation plant (CPP), the construction cost of which is estimated to be approximately US$60 million ($468 million) based on an 8 Mtpa operation; the total capital expenditure to be incurred on equipment, including both initial and replacement expenditure, for mining at the Khushuut Mine over its 19 years life of mine for an eventual 8 Mtpa operation was estimated to be US$449.3 million ($3.505 billion). Mongolia Energy intends to engage an experienced international mining contractor to manage and conduct the mining operations, who will be responsible for the majority of the above equipment capital expenditure; and the total cash operating cost to be incurred for developing the Khushuut mine over its 19 years life of mine for an eventual 8 Mtpa operation was estimated to be US$2.85 billion ($22.234 billion).

Mongolia Energy has commissioned Shenyang Design Institute to proceed with a detailed design for an initial phase of a 3 Mtpa mining operation. Boyd agrees that a phased approach to development of the Khushuut coal mine is a reasonable approach. Mongolia Energy expects to complete phase 1 planning with appointment of an international mining contractor for the mining operation, consummation of long-term coal supply agreement along with appointment of contractor for the BOOT of the CPP in due course. Mongolia Energy is in discussions relating thereto. Mongolia Energy has latitude to implement the mine plan or part thereof. Mongolia Energy will consider fund raising should the appropriate opportunity present itself to Mongolia Energy.

[DausendUndMehr]

[Nissie]

SYDNEY (MarketWatch) 6.11.2009 -- Chinese coal imports are set to continue to grow strongly for metallurgical as well as thermal coal as demand for electricity and high-quality coal increases, said Peabody Energy Corp.Boyce said Friday at a media conference in Sydney.
"China turning net importer is a structural change. We expect Chinese rapid coal demand growth to continue for some time," said Boyce, who expects "healthy" increases in coal contract prices for the 2010-2011 Japanese financial year starting April 1.
This contract year coking prices settled at US$125 a metric ton and thermal coal prices at US$72/ton.
"There is no question that coal demand is continuing to increase. Spot prices for metallurgical coal are higher than benchmark prices and we are seeing economies starting to recover," Boyce told reporters.
During January-September, China imported nearly 26 million tons of coking coal, up nearly fivefold on the year and coming at a crucial time for miners when coking coal demand in other major countries plummeted. Australia supplied 17.4 million tons of those imports.
Total coal imports to China until September are at nearly 86 million tons, up more than double on the year.
During the first nine months of the year, Peabody has committed nearly 3.3 million tons of coal for China deliveries, including more than 1.7 million tons from its Australian operations.
"It looks to us like (China's) strategy is to satisfy an increasing amount of electricity demand in southern and eastern China from imported coal and to actually keep the coal mined in northern and western China there and convert it in the region," said Boyce.

Quelle:
http://www.marketwatch.com/story/china-to-remain-major-coal-…

[Nissie]

Mongolia Energy (00276) selects Leighton as contractor
2009/11/11 17:03

(Infocast News) Mongolia Energy Corporation (00276) (MEC) announced that its subsidiary and owner of the Khushuut Mine, MoEnCo, has today selected Leighton LLC (a member of the Leighton Group) as the international mining contractor for the development of the Khushuut Mine.

Leighton LLC is the leading international mining contractor for mining projects in Mongolia, MEC says. Leighton Asia Limited is responsible for the management of the Leighton Group's operations in Asia, including Leighton LLC in Mongolia.

MoEnCo and Leighton LLC today entered into a memorandum of agreement setting out the principles of engagement covering the initial 3 Mtpa development of the Khushuut Mine. With the memorandum of agreement in place, Leighton LLC is prepared to incur the capital expenditure for the first fleet of mining equipment and MoEnCo is prepared to provide a security deposit for its performance obligations. The placement of the order for the first fleet is expected to occur before the end of this month.

Further, Leighton LLC will work with MEC on all matters required in order to prepare the Khushuut Mine ready for commencement of production. Also, Leighton LLC will prepare a detailed mine plan for the 3Mtpa mining operations. This is in addition to the general mine plan which has been approved. An initial report will be provided by Leighton LLC before the end of this month.

There will also be a 6-year contract for Leighton LLC to provide resources to carry out the mining operations. This contract will be subject to the terms and conditions set out within the Memorandum of Agreement which includes the requirement for MoEnCo to obtain the necessary approvals, with the detailed mine plan, before end of January 2010, and to commit to the mining operations at the Khushuut Mine site. The order for the second fleet of equipment for mining operation is expected to be placed around mid February 2010.

[DausendUndMehr]

Danke dass Du unsere NWCB weiterhin so regelmäßig verfolgst