Check Slide 24
Check the production increases scheduled for Ulaan Ovoo (see Slide 24)
They are scheduled from about 1/2 Million tonne/yr for 2011, to 1.2 Million Tonne/yr for 2012 and 2013, then
up to 5.0 Million Tonne/yr for 2017.
With Power Demand in Mongolia growing (see Slide 40) another Mine to Mouth Plant might br required at Ulaan Ovoo for Mongolia, that, on top of its supplying Japan , Korea and other countries in Asia.
I believe that Thermal Coal Prices should hold strong considering the demand from India, China and Japan.