- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Blue Wolf MHC Ltd.	2. Date of Event Requiring Statement (MM/DD/YYYY) 7/14/2011	3. Issuer Name and Ticker or Trading Symbol Blue Wolf Mongolia Holdings Corp. [MNGL]
(Last)        (First)        (Middle) C/O BLUE WOLF MONGOLIA HOLDINGS CORP., TWO SOUND VIEW DRIVE	4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                            ___ X ___ 10% Owner _____ Officer (give title below)          _____ Other (specify below)
(Street) GREENWICH, CT 06830        (City)              (State)              (Zip)	5. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares, no par value	2012500   (1) (2)	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	(3)	(3)	Ordinary Shares	4166667	$0.75	D

Explanation of Responses:
( 1)	Includes an aggregate of 262,500 shares subject to forfeiture to the extent that the underwriters' over-allotment option is not exercised. Also includes 514,706 shares (or 591,912 shares if the underwriters' over-allotment option is exercised in full) subject to forfeiture as follows: (1) 265,152 shares (or 304,924 if the underwriters' over-allotment option is exercised in full) will be subject to forfeiture in the event the last sales price of the shares does not equal or exceed $15.00 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within at least one 30-trading day period within 36 months following the closing of the registrant's initial business combination (the "Business Combination")
( 2)	and (2) 249,554 shares (or 286,988 shares if the underwriters' over-allotment option is exercised in full) will be subject to forfeiture in the event the last sales price of the shares does not equal or exceed $12.50 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within at least one 30-trading day period within 36 months following the closing of the Business Combination.
( 3)	The warrants will become exercisable on the later of 30 days after the completion of the Business Combination or 12 months from the closing of the registrant's IPO and will expire five years after the completion of its Business Combination or earlier upon redemption or liquidation, as described in its IPO prospectus.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Blue Wolf MHC Ltd. C/O BLUE WOLF MONGOLIA HOLDINGS CORP. TWO SOUND VIEW DRIVE GREENWICH, CT 06830		X

Signatures
/s/ Lee Kraus		7/14/2011
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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