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00975 MONGOL MINING
RTNominal down8.440 -0.010 (-0.118%)
Others

25/07/2011 11:41

Mongol Mining selects 2 fuel products & services suppliers

Mongolian Mining Corporation (00975) said NIC LLC
and Uniservice Solution LLC have been selected, through competitive tendering process, as
a supplier of fuel products to the Group and as a service provider for the provision of
supporting services for Mongolian Mining's offices located at Ulaanbaatar and camps
located at the UHG deposit, Baruun Naran deposit and TKH.
On 22 July 2011, Mongolian Mining entered into a service agreement with Uniservice
Solution and Uniservice Solution conditionally agreed to provide office and camp
supporting services to the Group for a period commencing from the date of the EGM at the
earliest to 31 December 2013 for about US$73.19 million.
Mongolian Mining also entered into a fuel supply agreement with NIC and NIC
conditionally agreed to supply fuel products to the Group for a period commencing from the
date of the EGM at the earliest to 31 December 2013 for about US$667 million. NIC may sub
-contract its obligations under the agreement to Shunkhlai and Gobi Oil. (HL)

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