Saikhan-Ovoo Coal Mine

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Saikhan-Ovoo Coal Mine (Сайхан-Овоо) is a cancelled coal mine in Saikhan, Bulgan, Mongolia.

Location

Table 1: Project-level location details

Mine Name	Location	Coordinates (WGS 84)
Saikhan-Ovoo Coal Mine	Saikhan, Bulgan, Mongolia	45.4616876298495, 103.898280279413 (approximate)

The map below shows the approximate location of the coal mine:

Loading map...

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Project Details

Table 2: Project status

Status	Status Detail	Project Type	Opening Year	Closing Year
Cancelled	Announced	New	–	–

Table 3: Operation details

Note: The asterisk (*) signifies that the value is a GEM estimated figure.

Capacity (Mtpa)	Production (Mtpa)	Year of Production	Mine Type	Mining Method	Mine Size (km2)	Mine Depth (m)	Workforce Size
–	–	–	Underground	–	12.68	494*	*

Table 4: Coal resources and destination

Total Reserves (Mt)	Year of Total Reserves Recorded	Total Resources (Mt)	Coalfield	Coal Type	Coal Grade	Primary Consumer/ Destination
34	–	–	–	Subbituminous	Thermal	–

Table 5: Ownership and parent company

Owner	Parent Company	Headquarters
Asia Coal	Asia Coal [100%]	Hong Kong

Note: The above section was automatically generated and is based on data from the Global Coal Mine Tracker April 2024 release and the September supplement.

Background

The Saikhan-Ovoo Coal Mine (Mongolian: Сайхан Овоо, beautiful mound) was a proposed underground coal mine in Bulgan Province, Mongolia.

In June 2019, the mine's owner, Asia Coal Ltd., was delisted from the Stock Exchange of Hong Kong. Without any public updates on new ownership or continued mine planning, the mine is presumably cancelled. According to the Mongolian Mining Journal in 2012, geological assessment and drilling work on the Saikhan-Ovoo coal mine "were done in the central areas of the deposit in 1987-1999 and 34.7 million tons of coal was estimated". The Journal goes on to say that "Asian Coal Ltd., registered on the Hong Kong Stock Market, has an operation licence on Saikhan-Ovoo deposit with an estimated JORC reserve of 190 million tons. Their first-half report [of 2012] says that no work was done on the project for financial constraints. At that time, 500,000 tons of coal had so far been produced."

In June 2019, the company Asia Coal Ltd. was delisted from the Stock Exchange of Hong Kong, "because the Company failed to maintain sufficient operations or assets." It is unclear whether the company currently exists, or who currently owns the mine.

According to the last archived capture (April 2020) of the now defunct Asia Coal Ltd. Saikhan Ovoo project webpage, full impairment loss of the mining right licenses had been recognized.

• Operator:
• Owner: Asia Coal Ltd.
• Location: Saikhan District, Bulgan Province, Mongolia
• GPS Coordinates: 48.805, 102.419444 (approximate)
• Mine Status: Cancelled
• Production: Unclear (less than 1 MTPA)
• Total Resource:
• Mineable Reserves: 34.7 mt
• Coal Type: Coking coal
• Mine Size:
• Mine Type: Underground
• Start Year:
• Source of Financing:

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Additional data

To access additional data, including an interactive map of world coal mines, a downloadable dataset, and summary data, please visit the Global Coal Mine Tracker on the Global Energy Monitor website.