Saikhan-Ovoo Coal Mine
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Saikhan-Ovoo Coal Mine (Сайхан-Овоо) is a cancelled coal mine in Saikhan, Bulgan, Mongolia.
Location
Table 1: Project-level location details
| Mine Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Saikhan-Ovoo Coal Mine | Saikhan, Bulgan, Mongolia | 45.4616876298495, 103.898280279413 (approximate) |
The map below shows the approximate location of the coal mine:
Project Details
Table 2: Project status
| Status | Status Detail | Project Type | Opening Year | Closing Year |
|---|---|---|---|---|
| Cancelled | Announced | New | – | – |
Table 3: Operation details
| Capacity (Mtpa) | Production (Mtpa) | Year of Production | Mine Type | Mining Method | Mine Size (km2) | Mine Depth (m) | Workforce Size |
|---|---|---|---|---|---|---|---|
| – | – | – | Underground | – | 12.68[1] | 494* | * |
Table 4: Coal resources and destination
| Total Reserves (Mt) | Year of Total Reserves Recorded | Total Resources (Mt) | Coalfield | Coal Type | Coal Grade | Primary Consumer/ Destination |
|---|---|---|---|---|---|---|
| 34 | – | – | – | Subbituminous | Thermal | – |
Table 5: Ownership and parent company
| Owner | Parent Company | Headquarters |
|---|---|---|
| Asia Coal | Asia Coal | Hong Kong |
Note: The above section was automatically generated and is based on data from the GEM April 2024 Global Coal Mine Tracker dataset.
Background
The Saikhan-Ovoo Coal Mine (Mongolian: Сайхан Овоо, beautiful mound) was a proposed underground coal mine in Bulgan Province, Mongolia.
In June 2019, the mine's owner, Asia Coal Ltd., was delisted from the Stock Exchange of Hong Kong. Without any public updates on new ownership or continued mine planning, the mine is presumably cancelled. According to the Mongolian Mining Journal in 2012, geological assessment and drilling work on the Saikhan-Ovoo coal mine "were done in the central areas of the deposit in 1987-1999 and 34.7 million tons of coal was estimated". The Journal goes on to say that "Asian Coal Ltd., registered on the Hong Kong Stock Market, has an operation licence on Saikhan-Ovoo deposit with an estimated JORC reserve of 190 million tons. Their first-half report [of 2012] says that no work was done on the project for financial constraints. At that time, 500,000 tons of coal had so far been produced."[2][3]
In June 2019, the company Asia Coal Ltd. was delisted from the Stock Exchange of Hong Kong, "because the Company failed to maintain sufficient operations or assets." It is unclear whether the company currently exists, or who currently owns the mine.[4]
According to the last archived capture (April 2020) of the now defunct Asia Coal Ltd. Saikhan Ovoo project webpage, full impairment loss of the mining right licenses had been recognized.[5]
- Operator:
- Owner: Asia Coal Ltd.
- Location: Saikhan District, Bulgan Province, Mongolia
- GPS Coordinates: 48.805, 102.419444 (approximate)
- Mine Status: Cancelled
- Production: Unclear (less than 1 MTPA)
- Total Resource:
- Mineable Reserves: 34.7 mt
- Coal Type: Coking coal
- Mine Size:
- Mine Type: Underground
- Start Year:
- Source of Financing:
Articles and Resources
Additional data
To access additional data, including an interactive map of world coal mines, a downloadable dataset, and summary data, please visit the Global Coal Mine Tracker on the Global Energy Monitor website.
References
- ↑ (PDF) https://www1.hkexnews.hk/listedco/listconews/sehk/2018/0719/ltn20180719669.pdf.
{{cite web}}: Missing or empty|title=(help) - ↑ Saikhan-Ovoo coal mine, Wikipedia, accessed Apr. 2021.
- ↑ "Strategy on strategic mineral missing," Mongolia Mining Journal, 2012-09-27
- ↑ ANNOUNCEMENT - IN RELATION TO THE MATTER OF ASIA COAL LIMITED (INCORPORATED IN BERMUDA WITH LIMITED LIABILITY) (STOCK CODE: 835) CANCELLATION OF LISTING, The Stock Exchange of Hong Kong Ltd, 13 June 2019.
- ↑ Saikhan Ovoo coal project, Archived Asia Coal website, accessed July 13, 2022.
