MINING.com: Mongolia primes $3 billion Tavan Tolgoi IPO for next year

Bloomberg reports Mongolia is likely to sell a stake in its Erdenes Tavan Tolgoi coal-mining company to the public next year, raising more than $3 billion. The Tavan Tolgoi deposit – mined since the 60s – in the South Gobi desert is the world’s largest with a 6 billion tonne resource of high-quality coking coal used in steelmaking. Metallurgical coal has been trading at record levels of $330/tonne this year. To read the full article, click hereMongolia primes $3 billion Tavan Tolgoi IPO for next year

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