Thursday, August 14, 2014

Guildford inks first sales contract in Mongolia

PERTH (miningweekly.com) – Junior coal developer Guildford Coal has executed its first sales contract for its Baruun Noyon Uul (BNU) coal mine, in Mongolia.

The contract represented the first shipment of 8 000 t of coal from the BNU mine to end-users in China, which would provide feedback on the product. The first trucks were scheduled to leave the mine on August 25.

Further deliveries of some 12 000 t were also anticipated.

Previously known as the North pit, BNU forms part of Guildford’s South Gobi project, and has a coal resource of 70.4-million tonnes, which includes an indicated resource of 39.7-million tonnes.

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