Source: http://www.miningweekly.com                       Date: 03 December, 2010

The 2011 financial year outlook for engineering company Sedgman is positive, given the record levels of forward orders and targeted projects expected in the period, as well as an expected improvement in global business conditions, states the company’s review for the 2010 financial year. It says that the company’s Beijing office was opened in 2008 to secure coal projects that support China’s industrialization to target emerging coking coal mines, particularly in Mongolia, and to provide a base to build an Asian procurement hub. The region has provided a foundation for rapid growth in the delivery of coal-handling plant project (CHPP) engineering and operations contracts in Mongolia, with opportunities also emerging in the metalliferous sector.

Sedgman has completed the design of Mongolia’s first five-million-ton-a-year CHPP for coking coal at the Ukhaa Khudag (UHG) coal mine, in southern Mongolia. The company has also started the procurement for the project, the construction of the UHG mine under an EPC and management contract and the design of a second-stage expansion to increase the mine’s capacity to ten-million tons a year.