Sharyn Gol JSC Announces Closure of Tender Offer for and Acquisition of Naco Fuel JSC, Expanding the Company's Operations into

Sharyn Gol JSC Announces Closure of Tender Offer for and Acquisition of Naco 
Fuel JSC, Expanding the Company's Operations into Value-Added, Clean Coal 
Products 
ULAANBAATAR, Mongolia, Sept. 30, 2013 /CNW/ - Sharyn Gol JSC (MSE: SHG; 
"Sharyn Gol") is pleased to announce it has closed the previously announced 
tender offer for Naco Fuels JSC (MSE: NKT; "Naco"), with the acquisition of 
11,723,989 shares, representing 92.9% of Naco. Naco owns a coal enrichment and 
briquetting plant located in Darkhan, Mongolia. Sharyn Gol intends to return 
Naco's plant, which is ideally situated to enrich Sharyn Gol's coal into clean 
burning char and smokeless briquettes, to operation in October 2013. 
There is strong demand for smokeless fuel in Mongolia amounting currently to 
an estimated 500,000t of smokeless fuel in UB city alone, with additional 
markets in the industrial cities of Darkhan and Erdenet, plus other industrial 
users. The replacement of raw coal with smokeless fuel as the primary heat 
source in the informal housing (ger) districts would significantly reduce air 
pollution in Ulaanbaatar and elsewhere. According to a report by the World 
Bank, "compared to other cities for which data is available in global 
databases, and also compared to Chinese cities with high PM (particulate 
matter) concentrations, UB appears to be the most PM-polluted capital and is 
among the cities with the worst air quality in the world". 
Graham Chapman, Sharyn Gol's CEO, stated: "The Naco acquisition represents a 
logical expansion of Sharyn Gol into the highly attractive market for coal 
briquettes. Sharyn Gol intends to aggressively expand its smokeless fuel 
business and will continue to make opportunistic investments to maximize 
revenue and cash flow growth for the benefit of all its shareholders." 
Sharyn Gol, located 2,225 kilometers north of Ulaanbaatar, on Mongolia's main 
national rail line, is a leading producer of high-grade thermal coal and sells 
to state-owned power stations, local cement factories as well as retail 
consumers. 
For more information, contact: Mrs. Otgonzul Baatar E-mail address: 
mail@sharyngol.com or otgonzul@sharyngol.com Website: www.sharyngol.com
 

SOURCE  Sharyngol LLC 
Mrs. Otgonzul Baatar, +976-70122226 
http://www.sharyngol.com 
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CO: Sharyngol LLC
NI: FIN MNG MNA  
-0- Sep/30/2013 12:03 GMT
 
 
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