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SHARYN GOL COMMISSIONS COAL WASHING PLANT

The locally listed company Sharyn Gol plans expects to operate a coal washing factory this season. The factory is able to wash 600,000 tons of coal a year from a coal deposit using equipment from Britain's Barnaby Cyclones International. The European Bank for Reconstruction and Developed (EBRD) provided MNT 6 billion for the coal project, which will be used for sale to local power plants and cement mixers and abroad by 2017.
“We are thinking of exporting of our products when our factory operates at peak capacity and the price of coal stabilizes on the international market,” said B. Otgonzul, director for Business Development and Investment. She added that there interest from Japan, Korea, Turkey and Russia.

Source: Unuudur