MARKETS

Hunnu acquires Mongolian coal project

HUNNU Coal will acquire 60% of the Unst Khudag coal mine in the Dundgobi province of Mongolia which has the relevant government authority approval to mine 98.7 million tonnes of coal.

Lou Caruana
Hunnu acquires Mongolian coal project

The Unst Khudag project, which is strategically located 200 kilometres from an operational multi party coal-loading facility on a major rail line, consists of two exploration licenses and one mining license covering over 59,000 hectares. The mining license covers approximately 1600 hectares.

Hunnu is targeting first production from the Unst Khudag Coal Mine in the latter half of 2010 with offtake agreements currently being discussed with Mongolian and Chinese coal users.

Exploration programs undertaken at Unst Khudag have included mapping at various scales, trenching, geophysical surveys and drilling.

A total of 39 drillholes have been completed to depths less than 100m deep. Drilling has intersected a single coal seam with thicknesses varying from 5m to 31m.

The coal seam has approximately 4m of unconsolidated overburden and dips under cover gently at 0-5 degrees.

Past trial production of approximately 30,000 tons for bulk testwork have been carried out with potential offtake partners and local utilities.

Coal analysis reveals high-quality thermal coal with quality parameters on average Qdaf = 6460 kCal/kg, ash = 13.9% and moisture content = 23.9%.

Hunnu’s shareprice rose by 11c to 64c this morning.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions