An opportunity to invest in one of Asia’s fastest growing economies.
Anglo Mongolian Mining Limited has been established to explore and develop the extensive opportunities in the Mineral Wealth of this growing Asian Nation. The company’s plan over the first five years is to enter into joint ventures with Mongolian companies operating within the Mining sector or with assets in the area. Anglo Mongolia will invest on the basis of operational control of the assets in the majority of cases bring expertise and finance to this market.
The company has signed agreements in relation the first two operations which are detailed below and also aims via affiliates to control in the majority of cases the marketing and sale of the mineral assets.
A new company with the rights to a 50% equity holding in two mines with Estimated Indicated Resources of:
– Iron Ore: 37 million tonnes
– Gold: 43 tonnes
– Manganese: 300.000 tonnes
– Silver: 315 tonnes
Anglo Mongolian Mining Limited will be issuing equity in the company of circa £3 million including costs for 30/40 per cent of the share capital.