Gobi Coal Said to Seek Buyers as Stock Rout Hurts IPO Plan
Bloomberg reported that owners of Gobi Coal are interested in selling the company.
Bloomberg reported that owners of Gobi Coal are interested in selling the company.
Prophecy Coal Corp. (CVE:PCY,OTC:PRPCF,FRA:1P2) announced that Mongolia's Ministry of Natural Resources and Energy has endorsed the company's Chandgana plant.
Bloomberg reported that Mongolia plans an IPO for its Erdenes Tavan Tolgoi coal company.
Prophecy Coal Corp. (CVE:PCY,OTC:PRPCF,FRA:1P2) announced it has signed 92,000 tonnes of coal sale agreements with Mongolia and Russia.
Mining Weekly reported that Macmahon (ASX:MAH) has become the preferred contractor for a Mongolian coal operation.
Chinese coal imports continue to rise despite continued high metallurgical and thermal coal prices. High transport costs and low coal quality have lead China abroad to meet booming demand.
Prophecy Coal Corp. (CVE:PCY,OTC:PRPCF,FRA:1P2) announced the discovery of coal at the Ilch Khujirt property in Mongolia.
King Stone Energy (HKG:0663) announced it has entered into an agreement for the purchase of Inner Mongolia Liaoyuan Coal Mining Company Limited.
Lucky Strike Resources Ltd. (CVE:LKY) announced that a technical report will be created by Norwest Corporation for the Choir-Nyalga property in Mongolia.
Lucky Strike Resources Ltd. (CVE:LKY) announced it will acquire an 80% interest in several mining claims in Mongolia.
Get our independent commentary on coal trends and companies delivered to your inbox.