HONG KONG, Dec 28 (Reuters) - Miners bidding for Mongolia's Tavan Tolgoi, which could become one of the world's largest coal mines, have to submit a proposal for upfront payment to win the deal, the South China Morning Post reported on Tuesday.
Miners including China Shenhua Energy Co Ltd , Peabody Energy Corp (NYSE: BTU - news) , Japan (NYSE: MCO - news) 's Mitsui Anglo-America, Brazil's Vale SA and Rio Tinto (Berlin: CRA1.BE - news) Plc have expressed interest in the project.
Ch.Baatbayer, a senior official at Erdenes MGL, the government entity that owns Tavan Tolgoi's estimated 5.1 billion tonnes of coal deposits, confirmed that the upfront payment was a factor in winning bidding, the report said.
Bids for the contract are due on Jan. 17. (Reporting by Daisy Ku; Editing by Chris Lewis)
Source:Reuters News Service
-
May 24, 2017 Mongolia's economic reform program aims to stabilize the economy, restore confidence, and pave the way to economic recov...
-
Russian environmental and scientific circles have repeatedly expressed their concerns about Mongolia’s plans to build three dams at rivers t...
-
Mongolian Mining Corp. (975 HK): Mongolia's biggest closely held coking-coal producer said Chief Executive Officer Battsengel Gotov didn...
-
With Korean men contributing to growth of industry, the damage to Korea’s image has increased South Koreans’ sex tourism to Mongolia rema...
-
The Fifth U.S.-Mongolia Business Forum took place simultaneously with the AG CONNECT Expo yesterday with several dozen delegates from Mongol...
-
I recently came across this song sung by Oirad-Mongolian singer Homba. Little is known about Homba. The song is called Sharhdasan setgel (Ша...
-
13 Jan 2010 17:26:00 GMT Source: Adventist Development and Relief Agency (ADRA) International Nadia McGill Website: http://www.adra.org SILV...
-
Speaker D.Demberel ringing the opening bell on January 18 The 20th anniversary of establishment of a capital market and Mongolian Stock E... -
On 22 July 2015, activists from several ethnic minority groups in China sent a letter to the International Olympic Committee (IOC) urgin...
-
London Stock Exchange Group ("LSEG") and the Mongolian State Property Committee ("SPC") today announce that they have si...
0 comments:
Post a Comment