Platts reported that Guildford Coal (ASX:GUF) said production at its Mongolia-based South Gobi coking coal project would begin mid-2012.
Global Met Coal Corporation (TSXV:GMZ,FWB:B1H) announced its submission of a technical report on the Mongolia-based Mogoin Gol Coking Coal Deposit.
Looking to capitalize on Mongolia’s growing importance as a strategic raw materials supplier to resource-hungry China, private commodities company Trafigura is actively expanding its already significant position in the global resource market.
CoalTek Inc. announced China's approval of the company's clean coal processing facility in Mongolia.
Mining Weekly reported that the Xanadu Mines (ASX:XAM) and Noble Group joint venture has made another coal acquisition in Mongolia.
IBTimes reported that Guildford Coal (ASX:GUF) reported a significant coal resource at its Mongolian South Gobi project.
Prophecy Coal Corp. (TSX:PCY,OTCQX:PRPCF,FWB:1P2) is a thermal coal production company with projects in Mongolia and Canada. The company is focused on its Ulaan Ovoo and Chandgana properties in Mongolia that host over 1.4 billion tons of minable thermal coal resources.
Bloomberg reported that owners of Gobi Coal are interested in selling the company.
Prophecy Coal Corp. (CVE:PCY,OTC:PRPCF,FRA:1P2) announced that Mongolia's Ministry of Natural Resources and Energy has endorsed the company's Chandgana plant.
Bloomberg reported that Mongolia plans an IPO for its Erdenes Tavan Tolgoi coal company.
Monday, January 30, 2012