The Globe and Mail / Reuters: Mongolian coal group Tavan Tolgoi eyes 2013 market debut

Mongolian miner Erdenes Tavan Tolgoi, which owns one of the world’s largest coking coal deposits, has pushed back plans for an international stock market debut to early 2013, disappointing hopes it would boost London’s fortunes this year. The state-owned group is planning to list 29 per cent of the firm in a float analysts say could raise about $3-billion (U.S.). Chief executive officer Baasangombo Enebish said on Monday a listing in February or March next year was “more realistic” than 2012. “Now we are set up to target our IPO in the first quarter next year,” Mr. Enebish told Reuters in an interview. To read the full article, click hereMongolian coal group Tavan Tolgoi eyes 2013 market debut

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