Mongolia ends $2 billion Tavan Tolgoi stake sale

Print
Fri, Feb 5, 2010

Coal Market News
Post by Researcher , Coal Researcher

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

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Top Articles
Latest from this Author
Share this Article

This Week's Most Read Articles

Latest Coal Articles from Researcher

What is Coal Investing News' Comment Policy?
Coal Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

Are abusive, off-topic, use excessive foul language
Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
Contain racist, sexist, homophobic and other slurs
Are solicitations and/or advertising for personal blogs and websites
Thread spamming (you've posted this same comment elsewhere on the site)
Are posted with the explicit intention of provoking other commenters or the staff at Coal Investing News
Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.

Asides

For upcoming coal investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
CoalInvestingNews.com maintains a focus on Coal exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Coal Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.