Canada-based mining company Erdene Resource Development Corp. (ERD.T) is likely to launch a separate listing of its Mongolia assets either in Hong Kong or Singapore, said a senior executive of the company on the sidelines of a mining conference in Singapore.

"We have raised all our money in Canada up to now, but we are looking at Hong Kong and Singapore. I think there is some value to be in Asia with Asian investors as they understand Asia a little bit better than the Canadian market sometimes might," said Chris Cowan, vice-president, Erdene Asia.

Cowan said the company wanted to keep hold of its projects as much as possible at this stage, with the ultimate intention of finding strategic partners later.

"We're explorers, not miners, and our mission is to find them (commercially viable projects) and add value, and at a certain point, we'll flick them off, whether it's a joint venture partner, or a sale, or an offtake (agreement). We pretty much have all the options available."

Erdene has 25% of a joint venture with Xstrata Coal that is exploring for deposits of metallurgical and thermal coal in Mongolia. It is also developing the Zuun Mod molybdenum project in southwest Mongolia, which has 423 million pounds of molybdenum as well as some copper and rhenium.

The company also has coal and construction aggregate projects in the U.S. and Canada.

-By James Campbell, Dow Jones Newswires, +656415-4082; james.campbell@dowjones.com
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