Sharyn Gol JSC
Sharyn Gol coalfield was discovered in the 1930’s, but it wasn’t until 1958 that a joint venture between Mongolian and Russian exploration teams recognized its economic potential. Exploration was conducted up until 1961, culminating in mine construction commencing in 1962, with first production achieved in 1965.
By 1975, the mine was producing 1.1 Million tons per annum (Mtpa) before expansion to a design capacity of 2.5Mtpa, between 1976 and 1980. For an extended period into the mid 1980’s, the mine achieved its nameplate design capacity. However, due to the withdrawal of Soviet financial support and management expertise, production was unable to keep pace and a gradual reduction in coal production was experienced in the 1990’s.
|Previous closing price:||5700|
|Current day’s VWAP:||5650|
|Bid:||5000 x 60|
|Ask:||5650 x 43|
|Total number of shares:||10,231,389|
|Issued share: :||10,231,389|