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Hunnu Coal walking among giants in Tavan Tolgoi Coking Coal Field 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.
By acquiring a 60percents 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.