Guildford Coal Discovers 63.1Mt Coking Coal Resource in Mongolia

IBTimes reported that Guildford Coal (ASX:GUF) reported a significant coal resource at its Mongolian South Gobi project.

As quoted in the market news:

The maiden resource contains 38.2 million tonnes in the Indicated category and 24.9 million tonnes in the Inferred category. It reinforces the potential start-up of a 1 to 2 million tonnes per annum open cut mining operation.

Click here to read the full IBTimes report.