Reuters: Australia’s Xanadu in hunt for Mongolia coal mining partners

Australia’s Xanadu Mines is on the hunt for partners to help develop a thermal coal mine in north-central Mongolia after being granted a 30-year government mining lease on Friday, Xanadu’s chairman said. Xanadu is one of a handful of small foreign mining houses prospecting for coal, base metals and gold closer to Mongolia’s border with Russia and far from the multi-billion-dollar Oyu Tolgoi and Tavan Tolgoi discoveries in Mongolia’s south close to China. To read the full article, click hereAustralia’s Xanadu in hunt for Mongolia coal mining partners

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