Welcome to PoloResources.com
Introduction
Polo aims to become a major
international coal mining and exploration group with
additional interests in uranium and iron ore. The
Company is focused on acquiring and developing interests
in projects that are strategically located to serve the
increasing global demand for coal, in particular to feed
the robust demand of
Asia.
Polo holds a diversified portfolio
of coal and uranium licences in
Mongolia.
The geology of
Mongolia
is highly prospective for significant mineral deposits;
however, the country’s resources have been vastly
under-explored and under-developed. Polo has
specifically targeted areas of significant known coal
resources that are near the necessary infrastructure to
export coal into the growing energy markets of adjacent
China
and
Russia.
Polo’s strategy in
Mongolia
is to fast track into development the Union Coal Project
and the Ereen Coal Project in 2008.
Polo is targeting total production of 1
Mt of coal per annum commencing in the fourth quarter of
2008.
Polo also plans to define 1 Bt of high quality coal resources by 2010.
Polo also holds a strategic
interest in GCM Resources plc, an
AIM
listed (ticker code: GCM) resource development company
with a wholly owned subsidiary operating in
Bangladesh
and investments in
South Africa.
GCM Resources plc is developing a coal mine and power
plant project in
Bangladesh,
the Phulbari Project.
For further information on Polo,
please click here for the
Admission Document.
(9.18 MB)
