Hunnu buys controlling stake in Mongolia Coal JV from Rio Tinto
Mining Weekly reported that Hunnu Coal (ASX:HUN) bought a majority stake in the Altai Nuurs coal project from Rio Tinto (ASX:RIO).
The market news is quoted as saying:
Hunnu said in a statement that it would now start Jorc modelling at the Altai Nuurs project, with a major drilling programme planned for the remainder of 2011.