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Mongolia-China New Era Development Company Limited is the core enterprise founded by The Group in Mongolia to specialize in major project planning and mineral development.At present, the company is assisting the Mongolian government in planning two major projects whose purpose is to improve the transport and ecological environment of Mongolia. The first is the planning of the Asia-Euro Railway Project that covers 3000km from the east to the west in Mongolia. Upon the completion of this gigantic project,many mines and towns along the railway will be developed into the inter-connected resource
“reservoir” for the Asia-Euro Continent, accelerating the economic development in Mongolia.
The second is to take an active part in the construction of a 3000-km-long Green Great Wall in Mongolia. Currently, efforts have been made to search for and import cold-weather and drought-resistant tree seeds and gingers to be planted in the desert areas on a trial basis, andto guide league enterprises of The Group to act3eively participate in this project. The companyalso owns 11 gold, coal, uranium and rare metal mines. China Jinquan Group has signed with Mongolia New EraCo., Ltd.the cooperation agreement on the Qianhanggai Bayanwendor Gold Mine. Canada North Resources Investment Co., Ltd.,ANZ Investment Co., Ltd. and LG Corp of South Korea have shown an interest in collaborating on the gasoline and diesel oil refining project of Qaidam Coal Mine in Tuv Province, and the exploration of copper mines, gold mines, iron mines and quartz sand grains.
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