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Australia’s Jade Gas to start

fieldwork on Mongolian CBM project

MONGOLIA AUSTRALIA’S Jade Gas Holdings on October 4 planet.
said it would shortly begin fieldwork at its coal- “The company, along with Erdenes Methane
bed methane (CBM) project in Mongolia. LLC (EM), our partner and representative of the
The Melbourne-based company will focus on Mongolian government, see enormous potential
its key project in South Gobi under a produc- for our TT CBM project with respect to Mongo-
tion sharing agreement (PSA) covering the Tav- lia’s clean energy transition, ultimately contrib-
antolgoi XXXIII (TT CBM project) basin. Jade uting to reducing air pollution in the capital city
will operate and manage the project through of Ulaanbaatar,” he said.
its subsidiary Methane Gas Resource (MGR). Jade’s joint venture partner, EM, was awarded
“The project is fully permitted with fieldwork the PSA over the TT CBM project area in April
expected to commence shortly,” the company 2020. Following an approval from the cabinet of
stated. Mongolia in October 2020, the PSA rights and
Jade Gas’ executive director, Joseph Burke, obligations were fully transferred to the joint
said the company was aligned with Mongolian venture company MGR.™
and global measures for decarbonisation of the

MMC signs financing deal

for coal terminal border

MONGOLIA MONGOLIAN Mining Corporation (MMC) on Greater Tavan Tolgoi area.
October 5 announced that its indirectly whol- Yondon Gelen, Minister of Mining and
ly-owned subsidiary Energy Resources LLC Heavy Industry, said: “The terminal’s initial
has signed an agreement with other coal min- capacity is expected to facilitate annually up to
ing companies operating in Mongolia’s Greater 8 million tonnes of coal exports. It is designed to
Tavan Tolgoi area for joint financing to under- reach capacity over 19 million tonnes per annum
pin a terminal for containerised coal shipments by gradually increasing deployed handling
at the the Gashuunsukhait border checkpoint equipment in line with the overall containerised
with China. coal transportation demand”.
The other mining companies are Erdenes Joint Financing Agreement signing and
Tavan Tolgoi JSC and Tavan Tolgoi JSC. officiating
In early July, the government of Mongolia Battsengel Gotov, CEO of MMC, said: “This
issued a resolution to establish terminals for terminal is expected to minimise human-
containerised coal shipments at key border to-human interaction within controlled area
checkpoints utilised for coal exports from Mon- designated for containerised coal shipments.
golia to China. Accordingly, said Hong Kong Moreover, we believe that such arrangements
Stock Exchange-listed MMC, a 30-hectare area will mitigate the negative impact on the envi-
at the Gashuunsukhait border checkpoint was ronment and also reduce coal losses associated
allotted for the Gashuunsukhait Terminal by the with coal trans-shipping process.”
relevant authorities. The terminal construction MMC is the largest producer of washed hard
work was financed and completed by the group coking coal in Mongolia. It owns and operates
and commissioned by the relevant authorities on two open-pit coking coal mines, the Ukhaa
September 20. Khudag deposit located within the Tavan Tol-
The joint financing agreement outlines prin- goi coal formation, as well as the Baruun Naran
ciples for sharing costs required to fund the coking coal deposit, both located in South Gobi,
project in line with agreed capacity utilisation Mongolia.™
among the signatory entities operating in the

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