[5][6] In the 2007–2008 fiscal year, MEC acquired 66,000 hectares (660 km2) of concession areas for coal, ferrous and non-ferrous metal resources in western Mongolia.

In December 2007, MEC acquired 20% stake of 487,509 hectares (4,875.09 km2) oil and gas exploratory concession areas in western Mongolia, and the deal is at the feasibility study stage.

In March 2008, the company acquired a stake in a multi-metals project with explored tungsten and tin resources at Ruoqiang County in Xinjiang Province, China to be completed in mid-2009.

[8] In September 2008, MEC acquired 20% interest of over 1.18 million hectares oil and gas concessions in Southern Mongolia under a contested international bid of Ergel XII petroleum block.

[9] MEC, through its subsidiaries, engages in the acquisition, exploration, and mining of concessions of coal, ferrous and non-ferrous metals, and oil and gas resources in Mongolia and Xinjiang, China.