MARKETS

TerraCom ready to restart mining at BNU

MINING operations are expected to restart at TerraCom's BNU coal mine in Mongolia in the Septembe...

Lou Caruana

A newly established supply chain has been successfully commissioned, which includes the full commissioning of a coal washery in Ceke and integrating a new set of trucking providers.

During the June quarter, coal was successfully delivered to JISCO and Haohai steel mills in China.

“The demand for BNU hard coking coal in the region has continued to remain strong with all tonnes from the new supply chain sold to regional customers, reinforcing the favourable characteristics of the company’s coal for end users,” TerraCom said.

“The Terra Energy mining personnel and assets have been retained during this period to enable rapid startup of mining operations once the supply chain is cleared. Despite retaining the ability to rapidly return to work, significant cash savings have been realised through prudent management of expenses throughout the quarter.”

Pit 2 at BNU remains ready for a return to mining at 125,000 tonnes per month.

“The focus at BNU during this slowdown period has been to remove costs out of the business and reduce the mine site stockpile to target levels, which has been achieved while maintaining the site in a state of readiness,” the company said.

“The operation is fully prepared for an immediate recommencement.”

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production