HUNNU ACQUIRES 60% INTEREST IN YET ANOTHER COAL PROJECT PDF Print E-mail

Source: http://www.miningweekly.com        June 09, 2010

ASX-listed Hunnu Coal has yet again increased its footprint in Mongolia with the acquisition of a 60% interest in the Buyan coal project, within the Taval Tolgoi coking coal field. The company said on Tuesday that the acquisition of the Buyan project was strategic, as it had existing infrastructure in place, and was within one of the world’s largest coking coal fields. The company would now be undertaking a detailed exploration project during the coming months, as part of its exploration strategy in the South Gobi region.
Last week, Hunnu had acquired a 60% interest in the Tsohio coal project, which was about 40 km from its existing Khuree 2 project.

 

 

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