MongolianMining Corp.'s application for appointment of joint provisionalliquidators was accepted by the Grand Court of the Cayman Islands.
According to the July 21 statement, the liquidators' powersare limited to the company and do not extend to its subsidiaries.
Mongolian Mining's petition for the winding up of thecompany will be heard Sept. 1, it added.
One of Mongolian Mining's creditors, the Singapore branch ofBNP Paribas, appliedfor winding up the company and for the appointment of joint officialliquidators to the miner earlier in July, after Mongolian Mining gained thesupport of noteholders for the proposed restructure.