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Mongolian Coal Sector Development Prospects and Opportunities COAL MONGOLIA 2012 PRESENTATION ENERGY RESOURCES LLC MONGOLIAN MINING CORPORATION (975.HK)

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Mongolian Coal Sector Development Prospects and OpportunitiesCOAL MONGOLIA 2012 PRESENTATION

ENERGY RESOURCES LLCMONGOLIAN MINING CORPORATION (975.HK)

ASIA-PACIFIC MARKET

ENERGY RESOURCES LLC 1

Coking Coal Export (Mt) 2010Australia 159United States 52Canada 33Russia 19Source: www.gtis.com

Coking Coal Import (Mt) 2010Japan 76China 47India 36South Korea 28Source: Tex Report

MONGOLIAN COKING COAL MINES

ENERGY RESOURCES LLC 2

Operating Coking Coal Mines Development/Exploration

12

3456

7 8

9

10

CHINESE MARKET

ENERGY RESOURCES LLC 3

Australia66%

Canada10%

Russia6%

Mongolia12%

Indonesia5%

USA1%

Australia37%

Mongolia32%

Russia10%

Canada8%

USA7%

Indonesia 6%

2009 2010

Source: China Coal Resource

Canada 26%

Australia 22%

Mongolia 52%

Other 0%

2015E

Source: Resource Investment CapitalMongolian coal export to China

Source: Wood Mackenzie 2010

SEABORNE MARKET

ENERGY RESOURCES LLC 4

Nakhodka

UHG

Choir

Naushki

Germany

Japan

India

Korea

Energy Resources washed hard coking coal stockpiled at Nakhodka

CONCLUSION

ENERGY RESOURCES LLC 5

INVEST IN COAL PROCESSING CAPACITY

- CONSISTENT QUALITY PRODUCT- REDUCE TRANSPORTATION COST- VALUE ADDED PRODUCTION

INVEST IN RAILWAY INFRASTRUCTURE

- INCREASE TRANSPORTATION CAPACITY - REDUCE TRANSPORTATION COST- ADDRESS ENVIRONMENTAL ISSUES

Energy Resources LLC

Central Tower15th floor2 Sukhbaatar SquareUlaanbaatar 210620aMongolia

Tel: (976) 7012 2279(976) 7013 2279

Fax: (976) 322279

Website: www.energyresources.mn