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Mongolia Energy Corp Ltd (0276.HK)

0276.HK on Hong Kong Stock

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Mongolia Energy updates on coal import restriction imposed by Xinjiang authorities
Friday, 19 May 2017 05:26am EDT 

May 19 (Reuters) - Mongolia Energy Corp Ltd <0276.HK>::Coal import restriction imposed by Xinjiang authorities will have negative impact on group.Company has been given permission to use another customs border temporarily for two weeks from 16 May 2017 for raw coal import into Xinjiang.Co still awaiting finalization of security device specifications from Xinjiang Takeshiken border authorities before it could commence installation work."Target is to import about 30,000 tonnes raw coking coal, subject to adjustment, into Xinjiang for sales".Import restriction on Xinjiang border has no effect on thermal coal supply; will continue to provide thermal coal to address local needs."We will continue to suspend overburden removal and coal excavation works on our mine site for time being to save our operation costs"."Our coal washing plant in Xinjiang is placed on a standby mode".  Full Article

Mongolia Energy updates after suspension of co's raw coal export to PRC
Tuesday, 25 Apr 2017 06:27am EDT 

April 25 (Reuters) - Mongolia Energy Corp Ltd <0276.HK>:Are assessing impact of sudden suspension on coal import by Xinjiang authorities.Says if suspension is lifted shortly, impact may not be significant.Updates after raw coal export to People's Republic Of China has been temporary suspended.  Full Article

Mongolia energy corp ltd updates on subscription of new shares
Thursday, 22 Dec 2016 04:43am EST 

Mongolia Energy Corp Ltd <0276.HK> : Subscriber being gold china enterprises co and issuer being the company . Company as issuer entered into subscription agreement with subscriber . Proceeds raised from subscription are approximately hk$15.6 million .Co has agreed to allot and issue a total of 60 million subscription shares at subscription price of hk$0.26 per subscription share.  Full Article

Mongolia Energy announces provision for impairment loss for year ended 31 March 2016<0276.HK>
Tuesday, 21 Jun 2016 05:33am EDT 

Mongolia Energy Corp Ltd <0276.HK>: Provision for impairment loss in approximately hk$682.9 million on khushuut mining assets is expected for the financial year ended 31 March 2016 . Impairment loss is an accounting related adjustment and a non-cash item which will not have any impact on cash flow of the group . Expect the overall loss of the group this year will be lower in comparison to last year .  Full Article

Mongolia Energy Corp Ltd enters subscription agreement
Tuesday, 15 Sep 2015 06:49am EDT 

Mongolia Energy Corp Ltd:Says company and the subsidiary entered into the subscription agreement with the subscriber.Aggregate subscription price for all the subscription shares in the sum of HK$3.6 million.Agreed to allot and issue a total of 14.4 million shares at the subscription price of HK$0.25 per subscription share.Subscription price shall be used to repay and settle the debt.  Full Article

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BRIEF-Mongolia Energy updates on coal import restriction imposed by Xinjiang authorities

* Coal import restriction imposed by Xinjiang authorities will have negative impact on group