NORTH ASIA CONTRACT LARGEST YET FOR RUNGE

Written on the 7 July 2010

NORTH ASIA CONTRACT LARGEST YET FOR RUNGE

RUNGE Limited’s (RUL) expansion into Mongolia is already reaping rewards after securing a tungsten-lithium scoping study contract with mining company Oyuny Undra Holdings.

Runge’s general manager for China and Mongolia Philippe Baudry, says the contract is the mining technology company’s largest yet in North Asia.

“We have been working closely with Oyuny Undra Holdings since January this year, assisting them to bring this mining project up to International JORC Standard,” he says.

“To date we have been providing assistance with assessing the current data, compiling preliminary estimates as well as giving advice on the deposit in terms of the potential risks and opportunities.

“We will continue to invest in our presence in Mongolia.”

Runge opened its Mongolia office in mid-April and plans to boost its presence in Russia too, with an office in Moscow in July.

Oyuny Undra Holdings business development director Davaadorj Sengee chose to work with Runge for its extensive international experience in geology, engineering and metallurgy.

Runge declined to comment on the contract value.

RUL shares rose 2 per cent today to $0.50.


Latest News

SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

CLEANING and catering services company Spotless has rejected a $1.26 billion takeover bid from mining services firm D...

EXCLUSIVE INTERVIEW: MEGAPORT CEO VINCENT ENGLISH ON GLOBAL EXPANSION AND HOW TO SCALE UP A BUSINESS

THE RAPID expansion of Megaport (ASX: MP1) continues with the Brisbane-based company announcing a major partnership d...

BRISBANE ENTREPRENEUR BREAKS BARRIERS IN ECO-BUSINESS

TRACEY Bailey believes that if every person understood the true social and environmental cost of every product the...

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter