In its latest quarterly report, Ivanhoe said revenue from the mine increased $6.6 million from last year’s third-quarter to land at $60.5 million in Q3 2011, due to the increased sales volumes and increased selling prices for individual coal types, including a 45% increase for raw semi-soft coking coal.
Meanwhile, Ivanhoe said the commissioning of a dry coal-handling facility at Ovoot Tolgoi was expected before the end of 2011.
The facility will include a 300t capacity dump hopper, which will receive run of mine coal and feed a rotary breaker.
It will also include dry-air separation as an additional stage which is expected to be finalised by mid-2012.
Ovoot Tolgoi is a thermal and coking coal mine, located approximately 40km north of the Shivee Khuren-Ceke crossing at the Mongolia-China border.
