TerraCom have provided an update on their mining activities in Mongolia.
- Coking coal is flowing from the BNU Mining building stockpiles to deliver on the Kingho offtake agreement.
- The coal will begin to be delivered to Kingho from 10 February when the border reopens following Chinese New Year, and thereby allowing funds under the LC to be paid to the company.
- The BNU onsite CHPP feasibility study was approved by Mineral Professional Council in December 2016 and the company has just received the final resolution of the Chairman of the MPC meeting.
Read the article online at: https://www.worldcoal.com/mining/09022017/terracom-has-provides-bnu-hard-coking-coal-update/