Mongolia: Khutul Cement and Lime Company agrees coal supply

Khutul Cement and Lime JSC is Mongolia’s largest cement manufacturer, with plans to increase cement production capacity. To secure its future needs, the company has signed an initial non-binding Memorandum of Understanding with Auminco Mines Limited, owned by Viking Mines Limited.

Viking Chairman Jack Gardner said, “Viking is optimistic about winning a big slice of KCLC’s business, as low sulfur content is a feature of Berkh Uul coal, which is important for cement manufacture.” He added: “We understand KCLC has plans to substantially increase cement production to meet a growing domestic demand. This would result in its coal demand increasing from the current 250 000 t per year to around 400 000t to 500 000 t per year.”

The non-binding MoU states the cement company’s intent to enter into future purchase agreements for Berkh Uul Project coal.

Adapted from press release by Katherine Guenioui

Read the article online at: https://www.worldcement.com/asia-pacific-rim/20082014/mongolia-khutul-cement-and-lime-company-agrees-coal-supply-331/