Xanadu/Noble JV Moves on Mongolian Coal
Investing News Network - November 22nd, 2011
Mining Weekly reported that the Xanadu Mines (ASX:XAM) and Noble Group joint venture has made another coal acquisition in Mongolia.
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.