Home arrow News Archives arrow Mining & Minerals arrow Polo Resources receives offer from Denham Commodity Partners Fund

 
Mongolia 's Latest News & Current Events, Directly from Ulaanbaatar

Login

Syndicate

Latest comments

Japan to provide $22...
It is very good for Mongolia that Japan strengthen its relat...
More...
By roydongen

Peabody Energy may s...
I meant the website when I said "Do you liver here or someth...
More...
By Hosoo

Peabody Energy may s...
It's not really OK to sell boot leg CDs but thats about what...
More...
By INTJay

Now Online...

No Users Online
Polo Resources receives offer from Denham Commodity Partners Fund PDF Print E-mail
Wednesday, 28 January 2009
ImagePolo Resources has been approached about being purchased by Denham Commodity Partners Fund. 

Polo operates coal and uranium mines throughout Mongolia including at Ereen, Chuluut, as well as sites in the South Gobi. 

“We are pleased with the interest shown in Polo’s assets and believe it illustrates the potential resource and significant value available to the company, as well as the strategic importance of our Mongolian licences,” deputy chairperson Neil Herbert told miningweekly.com 

“However, this approach does not appropriately reflect the value of our assets, particularly considering our strong working capital position of approximately $78-million and equity stakes in Caledon Resources and GCM Resources.” 

Officials said Polo is evaluating potential strategic partners and is also reviewing its options to ensure that shareholders' rights would be protected if an offer was accepted. 
 
 
  Be first to comment this article
RSS comments

Only registered users can write comments.
Please login or register.

Powered by AkoComment Tweaked Special Edition v.1.3.0

 
< Prev   Next >

Google Comment

Join us with your Google account....

General Discussion

Classifieds

Latest Forum Posts

Statistics

Members: 1274
News: 2211
WebLinks: 17
Visitors: 12249844

Google Translation

Translate This Website

Mongolia Websites

Recently a new online shop opened based in Mongolia that can ship any goods you would like from Mongolia. Just drop them a line and they will take care of it.
Check the new online store shopmongolia.com
.