June 23rd, 2008, five personnels with the MEC(Mongolia Energy Company), headed by the Chief Executive Officer and senior Assistant President came to our company to consult with Mr.Mao Guandai, the Vice Board Chairman along with Mr.Wang Zhaohui, the Vice General Manager with fenwei Energy Co., Ltd. about the progress of the cooperative projects.
During the meeting, MEC consulted about the initial stage investigation of the projects and made arrangement with Fenwei for the next stage of work. MEC was very satisfied with our market survey.
After the meeting, the guests visited China Coal Resources website studio, Shanxi Yipu Digital mining Technology Co., Ltd. and Zhongtai Coal Exchange Market affiliated to Fenwei Energy, accompanied by Mr.Mao.
Over the following two days, the guests also inspected the coal preparation factory of Anjialing first mining site as well as the Anjialing Open Mine with the Pingshuo Coal Industry Company, Later on, they were guided to Xingao Coking Plant, which is a large-scale private-owned enterprise situated in Gaoping County, Jingcheng and is well known for its Anthracite used as the main raw material for coal blending in coking, which is the latest technology in China.
MEC is an energy company registered and went public in Hongkong, mainly engaged in the exploration of mineral resources, coal in particular, in Mongolia and has acquired the mining ownership of quite a few mines in the western Mongolia.
