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The Mongolian government agreed to sell a 30% stake in the Tavan Tolgoi coal mine

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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The Mongolian government has approved the sale of up to 30 percent of Tavan Tolgoi, a difficult coal mine in the Gobi Desert, the latest attempt to develop large-scale coking and thermal coal
.

On Friday, the North Asian country's parliament voted in favor of an initial public offering
at state-owned company Erdene Tavan Tolgoi.

"Based on quality, a lot of commodity producers will be interested in this," said
Munkhjargal Otgon, vice president of Golomt Capital in Ulaanbaatar.

According to state-owned resource company Erdenes Mongol LLC on April 20, the Tavan Tolgoi deposit has 1.
8 billion tons of coking coal and 4.
6 billion tons of high-quality thermal coal
.

Erdenes Tavan Tolgoi declined to comment
at press time.

In addition to the transport route, the resolution calls for the construction of a power plant at the site, one of
Rio Tinto's plans to develop the Oyu Tolgoi copper-gold mine.

The Mongolian government has approved the sale of up to 30 percent of Tavan Tolgoi, a difficult coal mine in the Gobi Desert, the latest attempt to develop large-scale coking and thermal coal
.

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On Friday, the North Asian country's parliament voted in favor of an initial public offering
at state-owned company Erdene Tavan Tolgoi.

"Based on quality, a lot of commodity producers will be interested in this," said
Munkhjargal Otgon, vice president of Golomt Capital in Ulaanbaatar.

According to state-owned resource company Erdenes Mongol LLC on April 20, the Tavan Tolgoi deposit has 1.
8 billion tons of coking coal and 4.
6 billion tons of high-quality thermal coal
.

Erdenes Tavan Tolgoi declined to comment
at press time.

In addition to the transport route, the resolution calls for the construction of a power plant at the site, one of
Rio Tinto's plans to develop the Oyu Tolgoi copper-gold mine.

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