Energy Resource LLC, which
held an IPO in the Hong Kong Stock Exchange in the name of its parent company
Mongolian Mining Corporation, has published its report for 2010. It produced
3.9 million tons of coal in the year. Work on a coal washing plant and
developing infrastructure was carried out on schedule. Revenue from coal sales
was as anticipated and profits and distribution of dividends have been
satisfactory.

The company accounted for 24% of the total exported coal in 2010. The present
year’s target is output of 7 million tons of which 5.5 million tons will be
sold after washing.