Erdene Resource Development Corporation, an exploration and development stage company, engages in the exploration and development of mineral deposits. The company primarily focuses on the discovery of gold, copper, molybdenum, coal, and uranium deposits primarily in Mongolia; and the development of its coal and industrial mineral interests in North America. The company’s principal projects include Industrial Minerals in the United States, Donkin coal project in Nova Scotia, Canada, and the Zuun Mod molybdenum project in central Mongolia. Properties Industrial Minerals The company, through its subsidiary, Erdene Materials Corporation (EMC), owns outright or has entered into lease agreements for kaolin properties in the United States. The Granite Hill property is under long term lease to Ready Mix USA LLC. The property has received permit approval for a commercial aggregate quarry. Donkin Coal Project The company is a 25% joint venture partner in the Donkin Coal Alliance (‘DCA’) with Xstrata Coal Donkin Limited (‘XCDL’). The Donkin Coal Project is located in Cape Breton, Nova Scotia. Mongolian properties Zuun Mod The Zuun Mod property is a molybdenum/copper occurrence and consists of one license. It is located in Bayankhongor Province southwest of Ulaanbaatar. Coal The company has two coal exploration licenses (Galshar property) located in Gobi Altai province in central Mongolia. In December 2008, the company optioned its 100% interest in the Galshar property to a private Mongolian company. Other properties Tsenkher Gol The Tsenkher Gol gold exploration property is located in Khentii Province. The property consists of two contiguous licenses. Ikh Tal (Erdenet) The Erdenet-Ikh Tal property consists of a single exploration license adjacent to the Erdenet copper/molybdenum mine property in northern Mongolia. Mogoit The Mogoit copper property consists of a single license. History Erdene Resource Development Corporation was founded in 2000. The company was formerly known as Erdene Gold, Inc. and changed its name to Erdene Resource Development Corporation in May 2008.
erdene resource development
(ERD:Toronto Stock Exchange)
99 Wyse Road
Dartmouth, NS B3A 4S5
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.
|No competitor information is available for ERD.|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
Sponsored Financial Commentaries
Only a company representative may request an update for the company profile. Documentation will be required.
To contact ERDENE RESOURCE DEVELOPMENT, please visit www.erdene.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.