Hunnu Coal Limited is a mining company that is incorporated in
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
for the purpose of acquiring and developing coal projects in
Mongolia.
The company runs mining operations through its subsidiary, Hunnu Resources LLC, in four provinces of Mongolia including South Gobi, Middles Gobi and Sukhbaatar. Hunnu Coal is expected to produce 1.5 million tonnes of coal from the Tsant Uul deposit in Mongolia in 2012 and three million tonnes in 2013. It started its first coal production in 2011.
Hunnu Coal Limited doubled the resource for its Unst Khudag thermal coal project to 676 million tons in mid-2011. On 21 July 2011, the management of Hunnu Coal has announced that the company would make 85% increase in their share of JORC Coal Resource at Tsant Uul.
The company listed at the
Australian Stock Exchange on 12 February 2010. Among newly issued mining stocks in past 24 months, stocks of Hunnu Coal Limited performed best. Australia's Resource Stocks Magazine selected Hunnu Coal Limited's
IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
as the Best Australian IPO of 2010. MICC, Mongolia's broker and dealer company, assessed Hunnu Coal's projects that they have a high-potential growth. Hunnu Coal Ltd. is also targeting the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
and
London Stock Exchange to issue shares.
On 19 September 2011 Hunnu Coal Limited has announced the issuance of new ordinary shares as part consideration for the acquisition of the Altai Nuurs coking coal project.
Banpu
Banpu Public Company Limited is an energy company based in Thailand. Its three core businesses are energy resources (coal and gas); energy generation (conventional and renewable); and energy technology (wind and solar solutions, storage systems, a ...
PCL's subsidiary, Banpu Minerals Pte Ltd, intends to make cash offers for all of the shares in Hunnu Coal Ltd that Banpu does not already own.
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References
{{Reflist
External links
Hunnu Coal Limited official websiteHunnu Coal Limited at Google Finance
Coal companies of Mongolia
Companies based in Perth, Western Australia
Companies formerly listed on the Australian Securities Exchange