Guildford Coal secures funding for first coking coal sale from Mongolian mine

Thursday, 26 December 2013 12:10:12 (GMT+3)   |   Istanbul
       

Australia-based Guildford Coal Limited announced that it has concluded negotiations with Noble Resources International Pte. Ltd. regarding the funding of $22 million for the company's first coking coal sale from its Baruun Noyon Uul (BNU) mine in Mongolia to China during the first quarter of 2014.

As part of these negotiations the company has also reached an agreement with Noble to work together on potential options for the continuing development and expansion of the South Gobi region into a major coking coal producing region in Mongolia exporting into China.

Guildford Coal also stated that the 98 km haul road construction in Mongolia connecting the BNU mine to the coal distribution hub at Ceke, at the Chinese border has been completed.


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

India’s coking coal imports from Russia hit peak in April-February of FY 2024-24

26 Mar | Steel News

China’s coking coal imports up 36.52 percent in January-February

26 Mar | Steel News

Fitch Ratings raises iron ore price assumptions for 2024-2026 amid limited supply

22 Mar | Steel News

Ex-Australia coking coal prices heading below $250/mt FOB

21 Mar | Scrap & Raw Materials

Turkey’s coking coal imports up 102.2 percent in January

19 Mar | Steel News

Local Chinese coking coal prices - week 11, 2024

15 Mar | Scrap & Raw Materials

Local coke prices in China decline, further cuts expected

15 Mar | Scrap & Raw Materials

Buyers seek $250/mt FOB for ex-Australia coking coal after latest deal

15 Mar | Scrap & Raw Materials

Ex-Australia coking coal drops closer to $280/mt FOB as suppliers try to push sales

14 Mar | Scrap & Raw Materials