Hunnu Coal walking among giants in Tavan Tolgoi Coking Coal Field in Mongolia
By acquiring a 60% interest in the Buyan Coal Project, located within the giant Tavan Tolgoi Coking Coal Field in Mongolia, Hunnu Coal (ASX: HUN) is aiming for a slice of a potentially huge resource endowment in Mongolia.
The Tavan Tolgoi Coking Coal Field is estimated to host over six billion tonnes of coking and thermal coal in the South Gobi region of Mongolia.
Other mines in the area include, Energy Resources LLC's mine which hosts two million tonnes of raw coking coal from its UHG Mine, located five kilometres to the south of Hunnu’s Buyan Coal Project, while the Mongolian State owned Erdenes MGL LLC owns the surrounding five mining licenses with identified resources of approximately six billion tonnes of coking and thermal coal.
The Tavan Tolgoi Stock Holding Company, listed on Mongolian Stock Exchange, also mines raw coking coal and exports to China.
With the Buyan Coal Project acquisition, Hunnu Coal is taking its place within one of the world’s great coking coal fields. Existing infrastructure is in place and plans are advanced for the construction of a rail line.
Hunnu Coal has lofty aims to become a "major" in the exploration and development of coking and thermal coal deposits in the world class South Gobi coal province.
Existing infrastructure is in place and a haulage road and proposed rail line to the Chinese border is located adjacent to project.
George Tumur, managing director, said the company will be undertaking detailed exploration on the project in the coming months as part of its coking coal exploration strategy in the South Gobi Region.
Hunnu Coal
Hunnu Coal was incorporated in Australia for the purpose of acquiring and developing coal projects in Mongolia.
The Company operates in Mongolia through its subsidiary company Hunnu Resources LLC, a Mongolian incorporated company.
Through a series of acquisition and joint venture agreements, Hunnu has built a diverse portfolio of exploration tenements spread throughout the various coal basins of Mongolia. The company considers these tenements to be prospective for high quality coking and thermal coals able to be developed for both the domestic and export markets.
Hunnu Coal is positioning itself for increased demand for coal with a pipeline of unique exploration and development projects in strategic locations that will help to provide for future growth and expansion.
The Tavan Tolgoi Coking Coal Field is estimated to host over six billion tonnes of coking and thermal coal in the South Gobi region of Mongolia.
Other mines in the area include, Energy Resources LLC's mine which hosts two million tonnes of raw coking coal from its UHG Mine, located five kilometres to the south of Hunnu’s Buyan Coal Project, while the Mongolian State owned Erdenes MGL LLC owns the surrounding five mining licenses with identified resources of approximately six billion tonnes of coking and thermal coal.
The Tavan Tolgoi Stock Holding Company, listed on Mongolian Stock Exchange, also mines raw coking coal and exports to China.
With the Buyan Coal Project acquisition, Hunnu Coal is taking its place within one of the world’s great coking coal fields. Existing infrastructure is in place and plans are advanced for the construction of a rail line.
Hunnu Coal has lofty aims to become a "major" in the exploration and development of coking and thermal coal deposits in the world class South Gobi coal province.
Existing infrastructure is in place and a haulage road and proposed rail line to the Chinese border is located adjacent to project.
George Tumur, managing director, said the company will be undertaking detailed exploration on the project in the coming months as part of its coking coal exploration strategy in the South Gobi Region.
Hunnu Coal
Hunnu Coal was incorporated in Australia for the purpose of acquiring and developing coal projects in Mongolia.
The Company operates in Mongolia through its subsidiary company Hunnu Resources LLC, a Mongolian incorporated company.
Through a series of acquisition and joint venture agreements, Hunnu has built a diverse portfolio of exploration tenements spread throughout the various coal basins of Mongolia. The company considers these tenements to be prospective for high quality coking and thermal coals able to be developed for both the domestic and export markets.
Hunnu Coal is positioning itself for increased demand for coal with a pipeline of unique exploration and development projects in strategic locations that will help to provide for future growth and expansion.
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