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Hunnu Coal Limited doubled the resource for its Unst Khudag thermal coal project to 676 million tons in mid-2011. [3] On 21 July 2011, the management of Hunnu Coal has announced that the company would make 85% increase in their share of JORC Coal Resource at Tsant Uul. [4] The company listed at the Australian Stock Exchange on 12 February 2010. [5]
Mongolian Mining Corporation (MMC) is a Mongolian coking coal producer listed in the Hong Kong Stock Exchange. It is the largest coal mining company in Mongolia, owning two coal mines located in the Gobi Desert, namely the Ukhaa Khudag mine and the Baruu Naran mine. [5]
Tavan Tolgoi coal mine in Ömnögovi Province. Mongolia hosts 0.2% of the world's known coal reserves at an estimated 162 billion tonnes in 2011 with 17 operating coal mines. Mongolia exported 73% of the 25 million tons of coal produced in 2010, making it the country's largest export (which had previously been copper).
The past year has been brutal for coal, and the nation's coal stocks have taken an absolute beating. There are a variety of factors behind coal's downfall, with a major reason being depressed ...
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