Sharyn Gol JSC (MSE: SHG) has successfully commissioned its new coal wash plant, which is located next to its producing coal mine in Sharyn Gol city, Darkhan province. The plant, which has the capacity to wash 600,000 tons of raw coal per year, enables Sharyn Gol to produce an export grade coal, as well as a premium coal product for the domestic industrial market. The coal wash plant is Mongolia’s second operating coal wash plant and the only coal wash plant that has the potential to supply the domestic market. The investment in the wash plant reflects Sharyn Gol’s commitment to solutions for the production of environmentally friendly, value-added coal products.
Sharyn Gol has executed a Memorandum of Understanding with Mongol Sammok Logistics LLC, which is a joint venture between the Mongolian state and Sammok Shipping Company of South Korea. The signing ceremony took place at the Mongol Business Summit that is being held at the Ikh Tenger Complex. President of Mongolia Ts.Elbegdorj and other esteemed Mongolian dignitaries witnessed the signing of the Memorandum of Understanding.
Under the terms of the agreement, both parties have agreed to cooperate to export Sharyn Gol’s washed coal to the South Korean market. It is intended to transport the coal through Russia via rail to Rajin port in Rason Free Economic Zone, Democratic People’s Republic of Korea (“North Korea”), after which it will be loaded onto a vessel and delivered into the South Korean market. The parties anticipate beginning with a 25,000 ton trial shipment and will expand the export operations after the successful completion of the trial shipment.
Sharyn Gol JSC is located 215km north of Ulaanbaatar and 45km south east of the city of Darkhan on Mongolia’s main national rail line, is a leading producer of high-grade thermal coal and sells to state-owned power stations, local cement factories as well as retail consumers. In 1993, the company was listed on MSE (MSE: SHG) and was fully privatized in 2003.
Sharyn Gol JSC is located 215km north of Ulaanbaatar and 45km south east of the city of Darkhan on Mongolia’s main national rail line, is a leading producer of high-grade thermal coal and sells to state-owned power stations, local cement factories as well as retail consumers. In 1993, the company was listed on MSE (MSE: SHG) and was fully privatized in 2003.
Marketing and Public Relations Department
MONGOLIAN STOCK EXCHANGE