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Polo Resources Limited is an AIM listed mining and exploration
group focused on investing in or acquiring and developing advanced
stage uranium assets. It currently has an investment portfolio of
uranium and coal interests, and 50% of a joint venture with Peabody
Energy Corporation, formed to hold all of Polo’s coal and
uranium assets in Mongolia.
Polo’s assets comprise significant stakes in three listed
uranium and/or coal companies and a joint venture with major US
coal miner Peabody Energy Corporation (NYSE:BTU) in Mongolia.
URANIUM
- , operator of the Rossing
South uranium discovery in Namibia
COAL
- Caledon
Resources Ltd is an Australian and AIM listed
coal miner operating in the prolific Bowen Basin of Queensland
- GCM
Resources plc , an AIM listed coal explorer
focused on the development of the Phulbari Coal Project in Bangladesh
Polo’s joint venture with Peabody Energy Corporation
covers 58 coal and 25 uranium licenses spread throughout Mongolia,
with Peabody having bought its way in to the venture by providing
funds for at least the next 2 years of exploration and development.
For further information on Polo, please click here for the Admission
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