TAVAN TOLGOI: At the Crossroad

Date: 
8 Feb 2010

Mongolian Prime Minister Sukhbaatar Batbold has confirmed the Mongolian Government’s preference to retain 100% ownership of the massive Tavan Tolgoi coal project and use a “mining contractor” model.  Therefore, the international tender for equity stake in Tavan Tolgoi is now in doubt. While the equity sale option has not been entirely ruled out, the Government intends to hire a mining contractor to develop and operate the Tavan Tolgoi deposit.

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