Ming Hing bought Mongolia coal mine
It is reported that Ming Hing Waterworks Holdings Ltd acquired Mongolia Tugrug Nuur coal mine owned by Well Delight Holdings Ltd in mid-June and planned to put it into operation by the fourth quarter of this year.
Tugrug Nuur is estimated to have 92mn tonnes coal reserves, mainly thermal coal used for fuels. The coal mine is expected to produce 100,000 tonnes each month, totaling 300,000 tonnes in the first three months of operation. However, the annual production is targeted to be 2mn tonnes next year and to reach 8 million tonnes by 2019.
Tugrug Nuur is estimated to have 92mn tonnes coal reserves, mainly thermal coal used for fuels. The coal mine is expected to produce 100,000 tonnes each month, totaling 300,000 tonnes in the first three months of operation. However, the annual production is targeted to be 2mn tonnes next year and to reach 8 million tonnes by 2019.
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