Polo Resources Ltd. announced
Tuesday that it expects its Ereen coal mine to be operational by October.
Further, it reported that the construction of a road leading from the
mine to a rail line to China is ahead of schedule.
The Ereen
Coal Project is located in the western area of the Bulgan Province of
Mongolia, known as the Ereen Basin.
Once running, officials hope
to mine 100,000 tonnes of coal per month.
'Sale prices for this coal
are high and will allow Polo to make significant returns on the small
capex investment it has made,' Polo resources noted in a statement.
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