Xanadu/Noble JV Moves on Mongolian Coal

Mining Weekly reported that the Xanadu Mines (ASX:XAM) and Noble Group joint venture has made another coal acquisition in Mongolia.

As quoted in the market news:

The Khavtsgait coal project is located in northern Mongolia, and covers around 2 869 ha. The exploration licence overlies an early to middle Mesozoic-aged coal-bearing sedimentary basin, similar to those known to host premium hard coking coal deposits.

Click here to read the full Mining Weekly report.