As previously announced, recommissioning of the BNU coal mine is complete and the mine is in full production. Coal is flowing from the mine ahead of schedule in order to supply for the recently executed take-off agreement for sales of hard coking coal to the Kingho Group. Coal was achieved 22 January, 10 days ahead of schedule.
TerraCom is also pleased to announce that as part of the recently executed Kingho Group offtake agreement for the sale of hard coking coal produced from the BNU coal mine that the first 100% US$ of irrevocable credit has been received for sales of January/February 2017 production tonnes from the mine.
Read the article online at: https://www.worldcoal.com/exploration-and-development/26012017/terracoms-bnu-coal-mine-is-in-full-production/