Erdenes to meet with potential Tavan Tolgoi investors
Mongolia’s Tavan Tolgoi coking coal deposit – one of the largest in the world
Mongolia’s Tavan Tolgoi coking coal deposit – one of the largest in the world -- and the governmental decision to fully nationalize it to retain 100% ownership of the project by favouring contract mining arrangements has been much talked of recently.
And since minister for Minerals and Energy D. Zorigt had expressed his certitude that the contract mining method opted for by Prime Minister S. Batbold would find takers, investors had yet to be named.
Well, the matter shall soon be clarified as state-owned Erdenes MGL is about to invite 11 investors to a discussion this week.
The companies invited are: Shinhua Energy of China, Bazovii Element and Renova of Russia, Xtrata of Australia, Peabody Energy of USA, BHP Billiton of Great Britain, Vale of Brazil, Sojits of Japan, Marubeni and Itochu of Japan, CORES of South Korea, Mitsui of Japan, Jindal Steel and Power of India, Sumitomo of Japan.
Another matter which will also soon be clarified is whether the railroad will take the direction Gashuun Sukhait –the most cost efficient -- or whether it will go via Sainshand which is 264km longer than Tavan Tolgoi-Oyu Tolgoi-Gashuun Sukhait.
Эх сурвалж Өдрийн шуудан