Mongolia President Sets 2012 Deadline for Picking Tavantolgoi Partners

Mongolia President Tsakhia Elbegdorj set an end-of-year deadline to select companies to develop part of its biggest coal field, seeking to resolve a year-long battle for the resource between groups from five nations. Peabody Energy Corp. (BTU) (BTU), OAO Russian Railways, and China’s Shenhua Group are among companies affected by stalled talks to develop the […]

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 Mongolian government plans to list shares of Tavan Tolgoi simultaneously in […]

SouthGobi Resources Announces Start of Construction on New Paved Coal Highway to Mongolia-China Border

SouthGobi Resources Ltd. announced today that construction has commenced on a new paved coal highway to the Mongolia-China border. A ribbon-cutting ceremony was held June 16, 2012 to commemorate the start of construction. On August 2, 2011, the State Property Committee of Mongolia awarded the tender to construct a paved highway from the Ovoot Tolgoi […]