Mineweb.com - The world's premier mining and mining investment website Mongolia`s Tavan Tolgoi may need to raise $400m before IPO - FAST NEWS | Mineweb: "HONG KONG (REUTERS) -
Mongolia's state-owned Erdenes Tavan Tolgoi, owner of one of the world's largest coking coal deposits, will need to raise up to $400 million this year if its planned float does not go ahead by December, a senior executive said on Thursday.
Erdenes Tavan Tolgoi had been planning to list 29 percent of the company in London and Hong Kong by May in a float that analysts expect could raise about $3 billion, but it cannot go ahead until Mongolia's parliament passes a securities law."
'via Blog this'
