NORTH ASIA CONTRACT LARGEST YET FOR RUNGE

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.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How communications technology can raise the bar on customer service, employee experience
Partner Content
From capturing feedback early to providing messages with a higher rate of cut-through, ...
Advertisement

Related Stories

Apollo to divest large share of motorhome fleet to get Tourism Holdings merger over the line

Apollo to divest large share of motorhome fleet to get Tourism Holdings merger over the line

In an effort to appease Australian and New Zealand regulator concer...

Dexus awards John Holland building contract in $2.1b Waterfront Brisbane project

Dexus awards John Holland building contract in $2.1b Waterfront Brisbane project

After securing an $830 million contract from Dexus (ASX: DXS), Melb...

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

Casino operations that account for more than half of The Star Enter...

Collection House calls in administrators: Was Volt collapse the spark?

Collection House calls in administrators: Was Volt collapse the spark?

A recapitalisation plan has failed to save debt collector Collectio...