Examples of UHG mine in a sentence
Date: 18 October 2013 Parties: Energy Resources as purchaser NIC as supplierPrincipal terms: NIC agreed to supply fuel products (diesel fuel and gasoline), lubricants and provide other related services including fueling and storing services for the mining activities and site operations at the UHG mine site and BN mine site.
Date: 18 October 2013 Parties: Transgobi as purchaser Shunkhlai as supplier Principal terms:Shunkhlai agreed to supply fuel products (diesel fuel and gasoline) and provide other related services including fueling and storing services at the UHG mine site and TKH site for the Group’s coal transportation and logistics operations.
The negotiation with NIC in relation to the fuel supply has been concluded, with the Fuel Supply Agreement with NIC entered into between the Group and NIC on 11 May 2017, for the supply of fuel products and related services for the Group’s mining and site operations at the UHG mine site and the BN mine site, for the period from 15 June 2017 to 31 May 2020.
Date: 18 October 2013 Parties: Energy Resources as service purchaser USS as service providerPrincipal terms: In broad terms, USS agreed to provide the following services to the Group on a day-to-day basis: – Catering, camp management, laundry, cleaning and maintenance services for camps, offices and industrial facilities at UHG mine site and BN mine site; and – Cleaning, maintenance, cloakroom attendance for Ulaanbaatar office.
NIC was considered as the only potential service provider in terms of their technical capacity which has a large warehouse fuel storage in Tsogttsetsii, Umnugobi, and capable infrastructure at the UHG mine site to meet the operational and safety requirements of the Company.
As stated in the Group’s 2016 annual report, UHG mine site and BN mine site were estimated to contain 680 million tonnes and 330 million tonnes of measured, indicated and inferred coal resources respectively as at 31 December 2016 and 30 June 2015, respectively.
In broad terms, the supply of fuel products and related services by NIC comprises the following: – Supply of diesel at the UHG mine site and the BN mine site for both mining and non-mining use; – provide fueling and distribution services for mining and non-mining machinery and equipment at mine pit using fueling trucks; – provide fueling service for the trucks and non-mining vehicles at fuel stations; and – store a normal and emergency reserve of diesel for the Group at its own storage facilities.
Reasons for the transaction: In order to obtain good proposals for long term cooperation which enables the Group to secure stable supplies of fuel products for the mining activities and site operations at the UHG mine site and BN mine site, the Company had invited the major fuel importers and suppliers in Mongolia for a national competitive bid.
The maximum consideration payable to USS is determined based on the size of the location where services are to be provided and the number of employees utilizing the camp site and the temporary ger camp located at the UHG mine site and BN mine site.
We are advised by the management of the Group that mining production capacity at both the UHG mine site and the BN mine site is set to expand, in order to support the Company’s plan to increase the annual production capacity of CHPP to 15 million tonnes of coal per annum in 2014, which represents an increase of 50% from current production level of 10 million tonnes per annum.