Mongolia and China are working together to construct an energy-complex based on strategically important Shivee-Ovoo coal mine.
Mongolia is assigned to supply continuously 34 million tons per year to successfully implement the project. So, Erdenes MGL LLC and Shine Shivee LLC owning exploitation licenses of the mine must reach an agreement in order to establish joint venture regarding the supply issue within this year.
As the project commences, Mongolia is going to reduce energy shortage in local market and to have a potential to export energy in the further.
In addition, the project will attract a huge amount of investment with the potential to increase state budget revenues as well as apply environment friendly technologies.
Photo source: www.renci.org
Mongolia and China are working together to construct an energy-complex based on strategically important Shivee-Ovoo coal mine.
Mongolia is assigned to supply continuously 34 million tons per year to successfully implement the project. So, Erdenes MGL LLC and Shine Shivee LLC owning exploitation licenses of the mine must reach an agreement in order to establish joint venture regarding the supply issue within this year.
As the project commences, Mongolia is going to reduce energy shortage in local market and to have a potential to export energy in the further.
In addition, the project will attract a huge amount of investment with the potential to increase state budget revenues as well as apply environment friendly technologies.
Photo source: www.renci.org