TerraCom gearing up for BNU exports
PERTH (miningweekly.com) – The Baruun Noyon Uul (BNU) mine, in Mongolia, is poised to supply its first coal after production was restarted in November 2016.
ASX-listed TerraCom said on Thursday that coal was now flowing from the mine and stockpiles were being built up in preparation for delivery to Kingho group once Chinese borders reopen following the New Year.
TerraCom and Kingho in November 2016 entered into a five-and-a-half-year offtake agreement for hard coking coal produced at BNU.
Coal deliveries to Kingho will start from February 10.
Meanwhile, a feasibility study on the BNU on-site coal handling and preparation plant (CHPP) has been approved by the Minerals Professional Council, with start-up and commissioning of the plant expected to begin by mid-2017.
TerraCom said on Thursday that the Mongolian CHPP strategy provided a pivotal asset in controlling the volume and quality of the coal supplied from BNU into China and would allow the company to increase the cash operating margin of BNU through a freight cost reduction, as clean coal will only be transported into China.
The CHPP is expected to have a throughput capacity of some 170 t/h to 250 t/h and will have a plant life of around 15 years.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation