Easterbunny, probably you are right. Highlighting the sales and...

Easterbunny, probably you are right. Highlighting the sales and offtake stuff for briquettes without having a proper technology base was not a good idea. The governmental representatives have been taken to Australia to visit the upgrading plant but it looks like that the technology company is unable or unwilling to follow Modun into risky Mongolia. IMO this is the point of failure for the Nuurst project. I doubt there is a real need for another low rank coal mine and if the main game for Modun should be in China than it will be a tough one.

* Coal price falls mean tough times for Chinese producers

* Inner Mongolia mines bearing brunt of pain

* Fears of further closures, wages being slashed

http://af.reuters.com/article/metalsNews/idAFL4N0MM1K720140401