ProactiveInvestors: Xanadu Mines awarded 30 year mining licence for Mongolian coal project

Xanadu Mines has been granted mining licence MV16871 for the Khar Tarvaga Coal Project by the Mineral Authority of Mongolia, covering a total area of 83.5 square kilometres (8,350 hectares). The licence is for an initial term of 30 years with an option for two twenty year extensions, providing for a total of 70 years of mining operations. The company intends to further evaluate the development potential for coal to liquids (CNL) and synthetic natural gas (SNG). To read the full article, click hereXanadu Mines awarded 30 year mining licence for Mongolian coal project

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