Mongolian Mining's Unit to Acquire 51% Stake in Mongolian Mining Company for $21 Million

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Mongolian Mining's Unit to Acquire 51% Stake in Mongolian Mining Company for $21 Million

MT Newswires Live2024-12-11

Mongolian Mining's (HKG:0975) Singapore subsidiary Mongolian Mining Corporation agreed to buy 50.5% of the issued and outstanding share capital of Universal Copper from Talst Investment for $20.5 million, a Wednesday Hong Kong bourse filing said.

The target is a Mongolia-incorporated mining company that holds three mineral exploitation special permits.

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