MarketWatch: Mongolia Tavan Tolgoi IPO likely in 2013

Mongolia’s government is planning to launch an initial public offering for the Tavan Tolgoi coal mine and list it in the first quarter of next year, the chief executive of a Mongolia-based investment bank that advises the government on mining policies said Wednesday. The government plans to list shares of Tavan Tolgoi simultaneously in London, Hong Kong and Ulaabaatar, but a listing in the second quarter might be “more reasonable” given global macroeconomic uncertainties and the deposit’s valuation issues, Frontier Securities CEO Masa Igata told Dow Jones Newswires in an interview. To read the full article, click hereMongolia Tavan Tolgoi IPO likely in 2013

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