Business Recorder / Reuters: Timing for Mongolia’s giant mine IPO still unclear

Mongolia plans to list its giant Tavan Tolgoi coal mine in Hong Kong, London and the Mongolian capital of Ulan Bator, but it is still too early to say exactly when, the newly appointed chief financial officer for the project told Reuters. The Mongolian cabinet set up a new company to serve as the vehicle for the triple listing of the eastern block last week, but there is still a lot of work to do before shares can begin trading, said Angus Caithness, CFO at Erdenes Tavan Tolgoi, the state-owned entity charged with developing the project. “Obviously with this (listing), there are a number of legal and technical issues to be overcome,” Caithness said in an interview. To read the full article, click hereTiming for Mongolia’s giant mine IPO still unclear

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