Tian Poh Resources
(ASX:TPO) has signed a memorandum of understanding with the Mongolia’s Ministry of Energy.
The copper and coal mining company says this MOU provides a framework for both parties to collaborate on a number of projects.
They include the development of coal to electricity, and coal to gas plants, distribution of electricity and gas, and the construction of the Ulaanbaatar City Gas Pipeline Network.
Both parties plan to build a coal to gas plant at or near Tian Poh’s existing Nuurst Coal Project, which is 100km from Mongolia’s capital. Ulaanbaatar.
Last Thursday, Tian Poh shares closed steady at 16.5 cents.
