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    coal investing

    Hunnu Buys Controlling Stake in Mongolia Coal JV from Rio Tinto

    Investing News Network
    May. 23, 2011 08:29AM PST
    Industrial Metals

    Mining Weekly reported that Hunnu Coal (ASX:HUN) bought a majority stake in the Altai Nuurs coal project from Rio Tinto (ASX:RIO).

    Mining Weekly reported that Hunnu Coal (ASX:HUN) bought a majority stake in the Altai Nuurs coal project from Rio Tinto (ASX:RIO).

    The market news is quoted as saying:

    Hunnu said in a statement that it would now start Jorc modelling at the Altai Nuurs project, with a major drilling programme planned for the remainder of 2011.

    To read the full market news, click here.

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