Perth, Australia-based coal miner Hunu Coal, which has assets in Mongolia, has recently announced that it has acquired a 60 percent interest in the Buyan coal project, which is located within the giant Tavan Tolgoi coking coal field in the Umnugobi province of Mongolia.
The Tavan Tolgoi coking coal field is estimated to host over six billion mt of coking and thermal coal in the South Gobi region of Mongolia. The company said that operating mines within 10 km of the acquired region are currently exporting coking coal to China.
The existing infrastructure is in place and plans are advanced for the construction of a rail line, the company said, adding that it will be undertaking detailed exploration on the project in the coming months.
Hunu also acquired a 60 percent interest in the Tsohio coal project in the beginning of June.