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HomeMongolia NewsSilver Elephant's Mega Coal Subsidiary Prepares for Mongolia Coal Production in Q4...

Silver Elephant’s Mega Coal Subsidiary Prepares for Mongolia Coal Production in Q4 2022

VANCOUVER, BC / ACCESSWIRE / June 22, 2022 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that its wholly-owned subsidiary, Mega Thermal Coal Corp. (“Mega Coal”), is preparing to commence Mongolia coal production at its Ulaan Ovoo project in Q4 2022.

Mega Coal is commissioning Ulaan Ovoo in collaboration with its Mongolian partner, who owns and operates a mining fleet at Ulaan Ovoo that is able to support 30,000 tonnes per month of coal production at a steady rate. The equipment mine site inventory currently includes: 6 excavators, 13 dump trucks, 4 loaders, 2 screeners, 1 crusher, 1 water truck and 1 fuel truck.

There were limited Ulaan Ovoo coal shipments to China via the Erenhot rail port due to low coal prices in 2021. As a result, the mine operation was curtailed in late 2021. Since then, coal prices have increased whereby NewCastle 5,500 GCV thermal…

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