Mining groups are paying close attention to Mongolia’s vast coal reserves as the opportunities offered by developing its coal deposits, combined with its proximity to the highdemand China and Asian markets, are realised.
The Mongolian government has received nine bids from mining heavyweights including Vale, Xstrata, China Shenhua Energy and Rio Tinto to develop its $2B Tavan Tolgoi coal mine in the South Gobi Basin, close to the border with China....
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This complete item is approximately 2000 words in length, and appeared in the March/April 2009 issue of CoalTrans International, on page 18.
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