Erdene Gold Inc. today announced Minarco Asia Pacific Pty Limited ("Minarco") has been appointed to evaluate strategic options and advise on project planning and design for the company's Zuun Mod molybdenum project in Mongolia. Minarco is one of the more prominent mining and energy industry advisors in the Asia Pacific region.
"With prices for molybdenum remaining strong and the demand outlook remaining very positive we feel it is an appropriate time to move this strategically located project to the next level," said Peter Akerley, President and CEO. "We view Minarco as an excellent group to assist us in moving the project forward based on their mining expertise and recent experience with major Chinese mining companies, particularly molybdenum producers."
Minarco Background
Minarco is a leading mining and energy consulting company providing expert advice and technical services to clients in the Asia Pacific region. Of particular significance to Erdene is Minarco's experience with both producers and traders of molybdenum in China. Most recently, Minarco was engaged by one of China's largest molybdenum producers to act as independent technical expert in preparation for a public listing. Minarco has carried out numerous assignments in China with many of China's largest mining corporations. For more information on Minarco visit www.minarco.com.
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