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 […]

Harris & Moure Opens New Office in Mongolia

Seattle-based international law firm Harris & Moure, pllc has announced the opening of its newest office in Ulaanbaatar. International law firm Harris & Moure, pllc has announced the opening of its newest office in Ulaanbaatar, Mongolia, a move that will further establish the firm’s significant Asian presence. Managing partner Charles Moure explains that the Mongolia […]

Prophecy Coal Corp. To Complement Obsolete Power Plants in Mongolia

Significant Progress with Chandgana Power Plant. In November 2011, the company received a power plant licence from the Mongolian Energy Regulatory Authority. In January 2012, Prophecy Coal Corp. (PCY) announced a positive feasibility study for the Company’s 600 MW Chandgana Mine-Mouth Power Project in Central Mongolia. The feasibility study states that based on a 70%-30% […]

"Coal Mongolia 2012" will he held

The Ministry of Mineral Resources and Energy, the National Development and Renovation Committee, and mining.mn will jointly organize an international forum “Coal Mongolia 2012” on February 9 and 10. The forum was also held last year and it is aimed at attracting investment in the country’s coal mining sector. Representatives of coal mining companies, investors, […]