Reuters: Mongolia needs coal deal in 3 mths to ensure IPO goes ahead

A contentious investment agreement on Mongolia’s huge Tavan Tolgoi coal deposit needs to be completed within three months to ensure that a much-heralded initial public offering for the project goes ahead on time, a legislator told Reuters on Wednesday. Terbishdagva Dendev, a member of Mongolia’s Grand Khural parliament, said on the sidelines of a conference in Hong Kong that discussions on an investment agreement for the western block of the coveted 7.5 billion tonne deposit were expected to get under way in November. To read the full article, click here: Mongolia needs coal deal in 3 mths to ensure IPO goes ahead

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.