Creamer Media’s Mining Weekly: Xanadu looking to divest of thermal coal project

ASX-listed Xanadu Mines was looking to divest of its Galshar and Khar Tarvaga thermal coal projects, in Mongolia, following a strategic review of operations. The Galshar and Khar Tarvaga projects are estimated to host a combined Joint Ore Reserves Committee-compliant resource of some 497-million tons. During December last year, the Mongolian Mineral Authority granted a mining licence for the 83.5 km2 Khar Tarvaga coal project, which in itself is estimated to host some 327-million tons of resource. To read the full article, click hereXanadu looking to divest of thermal coal project

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