HONG KONG, March 10 - Mongolia Energy Corp, a former technology company that remade itself into a natural resources developer in 2007, will deliver its first coking coal cargo this August and is also looking at projects beyond Mongolia, a senior executive said.
Mineral rich Mongolia is attracting more attention from global investors after a deal in October with Ivanhoe Mines and Rio Tinto to develop the $3 billion Oyu Tolgoi mine, one of the world's biggest untapped copper and gold deposits.
MEC, which is still in the money-losing, ramp-up phase of developing its Khushuut site in western Mongolia, aims to supply quality coal to China's steel industry, like Hong Kong-listed peer SouthGobi Energy.
Mongolia Energy to start coal delivery in August
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