Overview

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Mongolia Energy Corporation Limited is a mining and energy develing holding company operating in Mongolia and Xinjiang in northwestern China. It was incorporated in Bermuda and listed on the Hong Kong Stock Exchange. MEC became a constituent to the MSCI Hong Kong Index from June 2008. Mongolia Energy Limited was listed on the Stock Exchange of Hong Kong in 2007 through the transaction by which technology company New World Cyberbase, listed at the Hong Kong Stock Exchange since 1972, acquired all assets of Mongolia Energy Limited and renamed itself Mongolia Energy. In the 2007-2008 fiscal year, MEC acquired 66,000 hectares (660 km2) of concession areas for coal, ferrous and non-ferrous metal resources in western Mongolia. Between January-February 2007, MEC entered into the acquisition of its first coal resources concessions at Khushuut and Darvi of 34,000 hectares (340 km2) in western Mongolia. The acquisition was approved by MEC's shareholders in April 2007.

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