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Trajan Minerals acquires rights to Mongolian mines

Friday, 21 September 2007

Trajan Minerals Ltd of Australia will acquire mining rights in Mongolia with its purchase of UK-based Pacific Ore Plc.

The $31 million sale allows Trajan to become involved in commercial mining ventures in Asia.

Trajan will now inherit the joint operating agreements Pacific Ore had with China-based Western Mining Joint Stock Company for base-metal mining in China and Mongolia.

Pacific is best known for its development of a bacterial heap leach process used to extract base metals from sulphide ores known as the BioHeap technology.

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The goal of the Mongolian River Resources website is to provide information on a wide spectrum of topics related to natural resource use and the environment in Mongolia. This includes issues within Mongolia, and relevant international information and experiences. The need for information pertinent to the environment, ecology, and resource use, available to a broad audience with diverse interests and needs, was identified during the initial year of The Asia Foundation’s Securing Our Future program.