Australian company Hunnu Coal has yet again
increased its footprint in Mongolia with the acquisition of a 60% interest in
the Buyan coal project, within the Taval Tolgoi coking coal field. The company
views the acquisition of the Buyan project as strategic, as it has existing
infrastructure in place, and is within one of the world’s largest coking coal
fields. The company would now be undertaking a detailed exploration project
during the coming months, as part of its exploration strategy in the South Gobi
region.

Recently, Hunnu acquired a 60% interest in
the Tsohio coal project, which was about 40 km from its existing Khuree 2 project.