RIA Novosti: Russian consortium to bid for giant Mongolian coal field

A Russian consortium comprising En+ Group, Severstal and Renova submitted investment proposals to the Mongolian government last month to develop one of the world’s largest coal mines, a business paper said on Wednesday. According to Vedomosti, the consortium’s intention to develop the Tavan Tolgoi coal field in the Gobi Desert, with estimated reserves of 6.5 billion metric tons of coking coal, was confirmed by an executive of the Severstal steelmaker while a representative of the Renova asset management group declined to comment. To read the full article, click hereRussian consortium to bid for giant Mongolian coal field

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