Mongolia Energy Corporation
| Formerly | New World Cyberbase | ||
|---|---|---|---|
| Company type | Public company | ||
| SEHK: 276 | |||
| Industry | Coal mining | ||
| Founded | 1972 | ||
| Headquarters | Hong Kong | ||
Key people | Simon Lo (Chairman) | ||
| Chinese name | |||
| Traditional Chinese | 蒙古能源有限公司 | ||
| Simplified Chinese | 蒙古能源有限公司 | ||
| |||
| Website | mongolia-energy | ||
Mongolia Energy Corporation Limited (MEC) is a mining and energy development holding company operating in Mongolia and Xinjiang in northwestern China. It was incorporated in Bermuda and listed on the Hong Kong Stock Exchange. MEC became a constituent to the MSCI Hong Kong Index from June 2008.
The company was criticised in 2008 as a China Concepts Stock, which had no real profit; its share price was only based on market speculation. The company was also criticised that it bought a private jet in 2005 by recapitalisation. The jet was sold in 2007.