Australia’s Hunnu expands coal business in Mongolia
PERTH (miningweekly.com) – ASX-listed Hunnu Coal has acquired a 90% interest in the Tsant Uul coal project, in Mongolia, as part of its strategy to become a major coal developer in the South Gobi province.
The Tsant Uul project covers over 59 000 h of ground in the South Gobi coking coal province, and has an exploration target of between 50-million and 100-million tons of coal.
Western Australia-headquartered Hunnu said in a statement on Wednesday that it would undertake a detailed exploration programme on the Tsant Uul project during the coming months.
The acquisition of the Tsant Uul project added to Hunnu’s advanced Tenuun 2 and Khuree 2 coal projects, in the same district.
The company said it was assessing further acquisition opportunities in the area.
It was also pushing ahead with its detailed review of the Unst Khudag thermal coal mine, and was in discussions with a number of potential offtake partners, with the intention of starting mine operations later this year.
Further, an independent geologist has started the process of calculating a Joint Ore Reserve Committee-compliant resource statement on both the Tenuun 2 project and the Unst Khudag coal mine.
Edited by: Mariaan Webb
The Tsant Uul project covers over 59 000 h of ground in the South Gobi coking coal province, and has an exploration target of between 50-million and 100-million tons of coal.
Western Australia-headquartered Hunnu said in a statement on Wednesday that it would undertake a detailed exploration programme on the Tsant Uul project during the coming months.
The acquisition of the Tsant Uul project added to Hunnu’s advanced Tenuun 2 and Khuree 2 coal projects, in the same district.
The company said it was assessing further acquisition opportunities in the area.
It was also pushing ahead with its detailed review of the Unst Khudag thermal coal mine, and was in discussions with a number of potential offtake partners, with the intention of starting mine operations later this year.
Further, an independent geologist has started the process of calculating a Joint Ore Reserve Committee-compliant resource statement on both the Tenuun 2 project and the Unst Khudag coal mine.
26th May 2010
Updated 3 hours ago
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