Company Overview and Strategy
The Company commenced operation when the Initial Public Offering was successfully completed on the Australian Stock Exchange in December, 2010.
The Company’s flagship Selenge iron ore project is transitioning into its Development stage after the completion of the successful Exploration phase.
For further information about the Selenge project, please refer to the Selenge project page of this website.
The Company 80% owns Mongolian subsidiary Haranga Khuder LLC, which holds the Mineral Exploration License, signed Pre-Mining Agreement with The Mineral resource Authority of Mongolia.
Figure 1. Mongolian Iron Ore deposits and mines
The Company's strategy is two-fold:
- Iron Ore Development and Resource Inventory
The Company intends to add value to its project by developing it into a project of the scale and quality required to become economic iron ore operations. Once this has been established, the Company intends to proceed to production.
- Acquisition and Portfolio Upgrade
The Company intends to continue to explore more high quality iron ore projects in Mongolia. Acquisitions that clearly upgrade and/or complement the Company's portfolio will be targeted. Haranga is positioning itself to become a producer of bulk raw materials to the expanding Chinese steel industry, and to any future Mongolian steel developments.