James Schaeffer, CEO of Mongolia Energy Corp., has said the
company aims to produce between 2 million and 2.5 million tons of raw coal in
2011 from its colliery in western Mongolia. Next January, the firm”s monthly
coal output capacity is expected to reach 50,000 tons to 100,000 tons. In the
period from 2013 to 2014, the Hong Kong-listed firm hopes to have an annual
capacity between 6 million and 7 million tons. He added that the company would
benefit from coal sales in the Xinjiang Uygur Autonomous Region, thanks to the
Chinese government”s Western Development Policy.