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Canadian mining company, Gulfside Minerals Ltd. issued a press release regarding its purchase of mining exploration licenses in Mongolia.

"The company has signed final Share Purchase Agreements with two private Mongolian companies to acquire a 100% interest in and operate three Mining Exploration Licenses encompassing portions of the Khar-khonkhor (Black Hole) Brown Coal Deposit and the Onjuul (Onjuul) Brown Coal Deposit located within the Choir-Nyalga Coal Basin of SW Mongolia. The licenses are situated about 170 km SW of the city of Ulaanbaatar and 50 km SE of the Buren Soum (sub-province) center in Tuv Aimag (Central Province)."

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Written by Tamir
988 days ago
I wonder, who the private Mongolian companies are?



Written by hidodorj
986 days ago
i am not sure what the 100% means as well. the 2 Mongolian companies get 100%?



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