Tavan Tolgoi IPO delays to 2013

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 […]

D.Sugar: Japan and South Korea are still in negotiation

Interview of D.Sugar who is the Director of Board of Members of “Erdenes MGL” and “Erdenes Tavantolgoi” and member of government’s working group on investment tender bid for Tavan Tolgoi’s western Tsankhi deposit. Q: What stage the Tavan Tolgoi’s tender bid’s process at? When the new investment agreement will be presented to the Parliament? D.Sugar: […]

Geopolitics at a Mongolian Mine

The Mongolian government is trying to divide a coking coal mine among Chinese, Russian and American interests A coalition led by China’s largest coal company Shenhua Group was granted a leading 40 percent share of a massive Mongolian mining project in July, leaving a Russian-Mongolian concern with 36 percent and U.S.-based Peabody Energy with 24 […]

B.Enebish: Operator for Erdenes Tavan Tolgoi will soon be chosen

B.Enebish, Executive Director of Erdenes MGL was interviewed regarding the latest on Erdenes Tavantolgoi’s investment agreement. Q: Why is the discussion with the investor consortiums are taking long? Will it affect the time for Erdenes MGL to enter the international stock market? A: The meetings to select the strategic investors for Western Tsanhi of Tavan […]

Mongolia May Unveil Winning Bids for Tavan Tolgoi Next Month

Mongolia may announce the winning bids to develop Tavan Tolgoi, one of the world’s biggest untapped coal deposits, next month, said an official at the Ministry of Mineral Resources and Energy. “Negotiations are still ongoing,” Erdenepurev Amarkhuu, director-general of fuel policy at the ministry, told reporters in Beijing today. Mongolia will choose more than one […]