Mongolia ends $2 billion Tavan Tolgoi stake sale
It was reported that Mongolia’s government has cancelled the auction of an estimated $2 billion stake in one of the world’s largest untapped coal deposits, ending the hopes of global mining giants eager for a slice of the project.
The press release is quoted as saying:
Shortlisted bidders for the stake in Tavan Tolgoi — which holds estimated reserves of 6.5 billion tonnes of coking coal — included heavyweights .
Click here to access the entire press release
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Fri, Feb 5, 2010
Post by Mike Rodger, Coal Reporter