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LEYSHON RESOURCES LIMITED - ASX: LRL
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Description
Leyshon Resources Limited (AIM & ASX:LRL) was on the ground in 2003 when China opened its mining sector to foreign investment. It has been fully engaged in China since then with its main operating office located in Beijing.
The Company’s broad strategy is to target and acquire high quality coal assets located in Western China, Southern Mongolia and Indonesia. As part of this strategy the Company has made applications for a large area of exploration licenses in the Gobi Altai region of South West Mongolia.
The licences totaling an area of 2,664 km2 which the Company’s geologists consider to be highly prospective for high quality coals including hard coking and semi soft coking coals as well as high energy thermal coals.
The licences lie between 35 to 100 kilometers from a recently re-established Mongolia/China border crossing at Laoyemiao, giving direct access to the rapidly expanding major steel producing centres of northern China.
The Company is actively reviewing large scale thermal coal projects in Western China and seaborne thermal coal projects in East Kalimantan, Indonesia.
The Chinese Ministry of Railways is constructing dedicated coal freight lines with a design capacity of 800 million tonnes per year to haul coal from the West to the demand centres of Southern China. China is also making major investments in Indonesian seaborne coal capacity.
The Company expects that the Western Chinese Province of Xinjiang and Indonesia will be the two main sources of coal to meet China’s future demand increases.
Mine For
coal
Location of operation(s)
China, Mongolia, Indonesia
Address
36 Outram Street
WEST PERTH, WA, AUSTRALIA
Phone
+618 9321 0077
Website
http://www.leyshonresources.com
Last Updated
14/09/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
