Mongolia Energy (HKG:0276) Khushuut coal mining suspended

Mongolia Energy Corporation Limited (HKG:0276) announced that MoEnCo LLC, an indirect wholly-owned operating subsidiary of the company in Mongolia, received a “first” notice yesterday from Leighton, the mining contractor responsible for coal extraction at the Khushuut Coal Mine, whereby Leighton is demanding payment of the outstanding contractor’s fees, together with a notice of suspension of […]

Prophecy Power Submits Power Purchase Agreement Proposal, Expects Decision In 90 Days

Vancouver, British Columbia, September 6, 2012: Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to announce that Prophecy Power Generation LLC (“Prophecy Power”), a wholly owned subsidiary of Prophecy, has formally submitted its Power Purchase Agreement proposal to the Mongolian government. The proposed Power Purchase Agreement (“PPA”) details […]

OT project future looks grim

Share price of Oyu Tolgoi project, the biggest and most eagerly awaited contributor to the state budget of Mongolia, is really going to slump regardless of its gain in the past few days? Business-Mongolia.com is sharing it view with our readers as follows. Influence from Neighbors In the last few years, especially during the reign […]