Peabody gets into serious discussions over Tavan Tolgoi in 2013

Oct 26 • Mining, News • 1043 Views • No Comments on Peabody gets into serious discussions over Tavan Tolgoi in 2013

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Tavan Tolgoi is considered as one of the world’s largest untapped coking and thermal coal deposits, located in the Southern Gobi Region of Mongolia. It has a total estimated resource of 6.4 billion tonnes, and is divided into six major sections. The Tsankhi section is the largest part, which has recently attracted interests from the public and international business community.

According to the Reuters news agency, the U.S. coal mining giant Peabody Energy expects to resume its talks in early 2013 with the government of Mongolia over acquiring a stake in the Tsankhi block. Peabody’s CEO Gregory Boyce told Reuters that he hopes the company would get into get into more serious discussions in the early part of next year.

Peabody had been invited by Erdenes Tavan Tolgoi, a government owned company,  to discuss infrastructure ideas for making the development of Tavan Tolgoi more efficient.

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