Gobi News

 .
Welcome to Gobi Coal and Energy Ltd 

Gobi Coal & Energy Ltd. (“Gobi Coal” or the “Company”) is an emerging coking coal producer based in Mongolia. Gobi Coal owns 100% of two open cut coal development projects in southwestern Mongolia. The Company's projects contain approximately 95 million tonnes of JORC reserves and 318 million tonnes of JORC resources.

The Company's Shinejinst project contains approximately 95 million tonnes of JORC reserves and 225 million tonnes of JORC resources (inclusive of reserves). At full production, Shinejinst is expected to produce approximately 5 million tonnes per annum of high quality, semi-soft coking coal product.

The Company's Zeegt project contains 93 million tonnes of JORC resources delineated along 3 kilometers with significant potential resource upside. At full production, Zeegt will produce 3 million tonnes per annum of high quality, semi-soft coking coal product.

With the recent downturn in coal prices in Gobi Coal's target market of northern China, the Company's Shinejinst and Zeegt projects are currently on care and maintenance programs. Gobi Coal is in a strong, net cash (no net debt) financial position, and is investigating consolidation opportunities to create value for its shareholders.

Gobi Coal and Energy Projects