SOURCE: Energy Digital

Energy Digital

November 17, 2010 15:40 ET

In the November Issue of Energy Digital Mongolia Energy Corporation Begins Its Journey to World Energy Leader With the Khushuut Coking Coal Mine

SAN DIEGO, CA--(Marketwire - November 17, 2010) - Mongolia Energy Corporation Limited (MEC) is an energy and resources developer that has global brand recognition aspirations. The first project on MEC's path to become a global energy leader is its current and primary project, the Khushuut coking coal mine, a 600 hectares site on MEC's 330,000 hectares of concession areas in Western Mongolia.

"A deal was cut; the assets were worthwhile and the acquisition was completed," says James J. Schaeffer, CEO. "I was brought on to take this Company from the various gyrations that it had in the past -- the various businesses -- and make the transition to an energy company." 

With a strong in-house team, including industry veterans in the geological, mining and legal areas, MEC intends to provide the expertise and leadership needed to see projects through. The physical operations will be contracted out, creating a focused and professional operating model.

With offices in Hong Kong, Beijing, Xinjiang and Mongolia, MEC is simply awaiting word from various government agencies to begin operations at the Khushuut coking coal mine, marking the beginning of its ascension to world energy leader.

Read the full report here:

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