“Beren Mining” JSC was first established as a daughter company of “Beren Group” LLC in 2006 and started its operation in the metallurgical sector of Mongolia. In a year of 2007, an iron ore concentration factory was established based on “Tamyr River” iron ore deposit in Tuvshruuleh soum, Arkhangai province with an annual manufacturing capacity of 250 million tons of 63-67% iron ore concentrate.

The security issuer owns 4 deposit areas: Tamyr River iron ore deposit, Khadat Tolgoi deposit, Ulziit deposit and Tsenkher deposit in Tuvshruulekh soum, Arkhangai province, of which the total reserve amounts 84.6 million tons.

In order to exploit the reserve efficiently, “Beren Mining” JSC is expanding the current capacity of its iron ore concentration factory from 250 thousand tons to 500 thousand tons, and establishing Direct Reduced Iron (DRI) factory which has 300 thousand tons of output capacity by offering 30% of the company or 522,243,996 shares to the public.

The shares can be subscribed through brokerage and dealer companies that are registered on the Mongolian Stock Exchange. In detail and summary prospectus can be obtained from www.frc.mn, www.mse.mn, www.beren.mn, www.bdsec.mn or the underwriter BDSec JSC.