Mongolia Energy Expands Mine Infrastructure – TipRanks.com

Mongolia Energy (HK:0276) has released an update.

Mongolia Energy Corporation Limited (MoEnCo) has announced a significant investment into infrastructure at the Khushuut Coal Mine, with the construction of a new truck garage and additional buildings, a project valued at roughly US$1.13 million. This development is classified as a discloseable transaction, adhering to the rules of the Hong Kong Stock Exchange due to its size, and is expected to be completed within 180 days from its commencement on July 16, 2024. The move represents an important step for MoEnCo in enhancing its operational capabilities and ensuring compliance with Mongolian laws and regulations.

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