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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Mongolia Investment Group Ltd Comments On FY 2013 Earnings Guidance

Thursday, 6 Jun 2013 05:00pm EDT 

Mongolia Investment Group Ltd announced that for fiscal 2013, it may experience a significant loss due to (i) an impairment loss on the valuation of the mining rights of the coal mine operated by Tugrugnuuriin Energy LLC, an indirect wholly owned subsidiary of the Company, in Tugrug Valley, Mongolia is expected to be recognised. The impairment loss is subject to the results of valuation of the rights on the TNE Mine; (ii) imputed interest in respect of the outstanding convertible note issued by the Company in June 2010. 

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6 May 2015