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Be the first with the news that moves the market- Silver Elephant Mining (ELEF) confirmed today, it is sending a new shipment of coal to a company in China
- The Vancouver-based company is delivering the coal through its wholly-owned subsidiary Mega Thermal Coal Corp
- The coal itself is coming from Mega Thermal’s Ulaan Ovoo coal mine in Tushig, Mongolia
- The coal is being shipped by rail
- Silver Elephant Mining (TSX:ELEF) is unchanged, trading at $0.53 at 9:30 am ET
Silver Elephant Mining (ELEF) confirmed today, it is sending a new shipment of coal to a company in China.
The Vancouver-based company is delivering the coal through its wholly-owned subsidiary Mega Thermal Coal Corp.
The coal itself is coming from Mega Thermal’s Ulaan Ovoo coal mine in Tushig, Mongolia and is being shipped by rail.
In March, the company shipped an additional 2,937 tonnes of coal from the Ulaan Ovoo Mine to China.
Mega Thermal Coal began coal production in the fourth quarter of last year.
Silver Elephant primarily operates in Bolivia, where the company is exploring for copper, zinc, lead and gold at its two properties. The company’s flagship asset is its Pulacayo-Paca silver project.
The Pulacayo-Paco property has 107 million indicated ounces of silver. The company is initiating a drill program to expand the open pit optimized resource.
Silver Elephant Mining (TSX:ELEF) is unchanged, trading at $0.53 at 9:30 am ET.
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