Whilst in the Czech Republic, Mongolian Industry Minister D.Erdenebat was shown the operations of the HUTNI PROJECT Frydek-Mistek A.S. plant which produces coking coal, cast iron and steel. This is a modern plant belonging to the “Vitkovets Group” and was constructed using world-class German Thyssen Krupp technology.
During the plant visit, the Mongolian company “New Eco Energy”, and the Czech HUTNI PROJECT and “ChKD Energy” signed a trilateral memorandum of understanding (MoU).
Under the MoU, a 300,000 tons capacity coking coal plant will be built in Mongolia. The project will be implemented over a three year period. Total project finance will be EUR 160 million. “ChKD Energy” is to invest between EUR 130 and 150 million into the project.
Industry Minister D.Erdenebat continues his European tour and the delegation paid double visit to Vitkovets Group’s steel processing plant and Hutni prjekct fruder-mister LLC operating coke production and cast iron processing in Czech.
Mongolian-based New Eco Energy LLC, Czech’s Hutni prjekct fruder-mister LLC and ChKD Energy LLC signed MOU to cooperate on the construction of coking coal-processing plant with the capacity of 300 thousand tons of coal processing per year. The project will run for 3 years, worth of EUR 160 million, EUR 130-150 million of which will be invested by ChKD energy LLC.