State owned “Erdenes Tavantolgoi” JSC’s coal reserves are estimated at 6 billion 48 million tonnes according to the professional mineral resource council.

Coal reserves of this deposit were estimated at 5.1 billion tonnes in 1981. Since then 40 years later estimated reserves increased. Erdenes Tavantolgoi JSC’s CEO Gankhuyag B clarified that the initial 5.1 billion reserve estimation is from a partial report, and since then further exploration reports increased the reserve estimates.

Since then after 40 years the full report was approved by the professional mineral resource council and reserve estimates were increased to 6 billion tonnes. Explorations that were stopped in 2014 resumed in 2017-2018 over a 130 thousand square meter area and 340 million tonnes of coal were added to the reserves. According to the block method total reserves are estimated at 6.3 billion tonnes. There are differences between the block method and the international JORC standards. Converting the 6.3 billion tonnes of reserve estimations to the JORC estimation the reserves are estimated to be 7.6-8 billion tonnes or more. The company’s business and reserve valuations increase significantly with this news according to Mr.Gankhuyag.

Source: Montsame.mn