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MEC to mine 3 million tons of coal per year at Khushuut site |
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Tuesday, 02 December 2008 |
To supply China, Hong Kong-based
Mongolia Energy Corporation, a coal and energy resources developer in
Mongolia, will produce 3 million tons of Mongolian coking coal a year
beginning in mid-2009. This coal will be sold to the Xinjiang Uygur
Autonomous region of China.
Mongolia Energy Corporation
currently has 330,000 hectares of concession areas in western Mongolia
for coal, ferrous and non-ferrous metal resources. Among them, the company
has 149 million tons of coal reserves, including substantial coking
coal deposits, within its 600 hectares of concession areas at Khushuut
in Khovd province of Mongolia.
James Schaeffer, a chief executive
officer of MEC, has said the company plans to increase coking coal production
to 8 million tons per year by 2012, which will make it the largest coking
coal mine in Mongolia.
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