In 2013, Sharyn Gol JSC has purchased first module of the coal washing plant from Derek Parnaby. Total capacity of the plant is 600,000 Mtpa.
Currently, the plant is under construction at the mine site. Successful commissioning of the plant will enable the company to expand its customer base by increasing raw coal quality. Calorific value of the coal is expected to be 5,000.
With the final product from the plant, the company can enter into other potential markets while strengthening its current market share. Additionally, plant enables the company to satisfy its shareholders expectations and will be contribution to company’s further business development by opening doors to exporting possibilities.
The company has successfully acquired Naco Fuel JSC (MSE: NKT), semi-coking and briquette producer based in Darkhan city. This is another strategic step the company took in order to diversify its product portfolio. The plant is under expansion progress and intends to produce 15-20 tons of briquettes per hour.
As the air pollution in major cities of the country gets alarmingly poisonous due to raw coal combustion during cold winter, usage of semi-coking coal and briquette will significantly decrease emissions in the air in cold winters. With its direct access to rail, the plant is strategically situated to provide char which can be used as a partial coke substitute to industrial customers in Darkhan and to ship smokeless, environmentally friendly briquettes by rail to customers in Ulaanbaatar.