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/