THl Mongolia Ltd Purchases 70% of Mongolian Exploration Company

HONG KONG -- 03/02/10 -- Ying Yu Tang, President of THL Mongolia Ltd, a fully owned subsidiary of Trendfield Holdings Ltd, and Bayan Tsogbadrakh, Managing Director of KMNG LLC, announced on Monday March 1, 2010 that THL Mongolia Ltd has purchased 70% of KMNG LLC (KMNG) holdings with the option to purchase another 20% within 3 years.

KMNG is located in Ulaanbaatar, Mongolia and owns 3 explorative licenses 13602X, 13603X and 13408X. These licenses are located in the South Gobi Province at the southern border of Mongolia, in the territories of Hanboulag, Khanbogd, Sayshand and Dalanazadgad. The cumulative area of the licenses is 1935.5 km2.

According to Mr. Tang, President of THL Mongolia, "Trendfield has been searching long and hard for an opportunity such as this.

These permits, their location and proximity to the world class Oyu Tolgoi Project makes this a win-win project for all persons involved.

We see this as an opportunity to expand our commodity base and begin to develop our projects and partnerships on the ground in Asia. We believe that these licenses may offer interesting exploration prospects for copper, gold, and rare earth elements."

About Trendfield Energy and Resources
Trendfield Energy and Resources is a private international exploration and consulting firm exploring mineral rich regions and developing them into productive and profitable operations for the Asian market. Trendfield was created in 1997, to generate greater investment opportunities for the Asian energy sector, however since our inception, we have expanded globally and now have offices in China, Mauritania, Niger, Mongolia and Hong Kong and representation offices in Ecuador, Guinea and Korea.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1187992


Information contacts
Marketing:
Christopher Lyon
Office: 86-10-8567-9215
Email: Email Contact
Website: www.trendfieldonline.com
Source:www.marketwire.com

Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers

Live Traffic