Mongolia pulls plan again to triple-list coal mine - M.A.D. Investment Solutions: "The global shares offering and planned Mongolia-Hong Kong-London listing of the developer of a mine that aims to supply a quarter of Asia's coking coal is unlikely to happen before September next year, said Erdenes chief operating officer Graeme Hancock at the sidelines of the Mongolia Investment Summit. The global shares offering and planned Mongolia-Hong Kong-London listing of the developer of a mine that aims to supply a quarter of Asia's coking coal is unlikely to happen before September next year, said Erdenes chief operating officer Graeme Hancock at the sidelines of the Mongolia Investment Summit. "The feedback from the [newly elected] government is that the IPO timetable is now driven by commercial rather than political [considerations]," he said. "But this will depend on the market and it will unlikely go ahead until we see a strengthening of coal demand in China, which is unlikely until next September." The IPO was originally slated for June this year. With its repeated delays, Erdenes will seek to raise at least US$600 million potentially via loans and bonds to fund mining infrastructure construction, he added. "
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