UPDATE 1-China Shenhua says hopes to restart talks on Mongolia mine | Reuters: "In July last year, the Mongolian cabinet said it would give Shenhua a 40 percent stake in Tavan Tolgoi's western block and 24 percent to Peabody Energy Corp of the United States. The remaining 36 percent would be given to a Mongolian-Russian consortium led by Russian Railways.
But after bidders from Japan and South Korea branded the process unfair, the Mongolian government backpedaled and said nothing had been decided yet.
Political uncertainty ahead of Mongolia's parliamentary elections in June has worried investors. Politicians in Mongolia are under constant pressure to be seen to getting a good deal for the country from resources investors."
'via Blog this'
