MONGOLIA - Draig Resources outlines 2013 exploration

Officials at Draig Resources have announced that 2013 phase one exploration will include field mapping, trenching, drilling and ground magnetic surveys at Teeg, Urtnii-Am, Khongor Zamt Uul and Gurvantes advancing toward production from its extensive coal resources in southern Mongolia.

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MONGOLIA - Ex-Im to help finance Oyu Tolgoi

The Export-Import Bank of the United States will help finance the continued development of the Oyu Tolgoi mine in southern Mongolia, with a $500 million direct loan to its owners Turquoise Hill Resources and Erdenes Oyu Tolgoi LLC.  1

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MONGOLIA - Modun preferred coal briquette supplier

Modun Resources’ wholly-owned subsidiary Modun Resources LLC has been selected as a preferred supplier for coal briquettes by the Mongolian government in its Clean Air Initiative for the fast-urbanizing capital of Ulaanbaatar.

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MONGOLIA - Nuurst coal quality increases

Modun Resources says testing of coal briquettes from its Nuurst project site has led to a significant increase in coal energy. Earlier raw coal samples had measured 4178 kcal/kg compared to the most recent test confirming a calorific value of 5648 kcal/kg.

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