into several connected transactions with controlling shareholder MCS Mining Group Limited.
MCS Mining Group agreed to provide Mongolian Mining engineering, procurement and
construction management (EPCM) services for new school, kindergarten and dormitory complex
in Tsogttsetsii soum of Umnugobi province, Mongolia as well as EPCM services for
construction of mining equipment workshop II at the UHG mine. MCS Mining Group also agreed
to supply 4,500 tonnes of bitumen for construction of the paved road between UHG and BN
mines and power. In addition, MCS Mining Group agreed to provide Mongolian Mining with
services such as, high voltage 110/35/10kV main substation expansion.
The total consideration payable by Mongolian Mining will be about US$22 million. (HL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00975 MONGOL MINING
Nominal 
8.240 0.000 (0.000%) Others
05/04/2012 10:17
Mongol Mining (975) inks power supply deal with major holder
| Remark: | Real time quote last updated: 29/11/2024 09:11 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |