Chalco threatens legal action if Mongolia backs out of coal contract - Globaltimes.cn: "Mongolia's Erdenes-Tavan Tolgoi (E-TT), which runs the coveted 7.5 billion-ton Tavan Tolgoi coal project, said last week that it is seeking to renegotiate a 2011 deal with Chalco to supply $250 million worth of coal from the deposit.
Speaking at a press conference, Li Dongguang, president of China Aluminum International Trading Co, a subsidiary overseeing the Mongolian deal, said the company would seek compensation for any breach of the contract.
Li said Chalco imported 2.37 million tons of coal from Tavan Tolgoi in 2012, lower than the original plan of 3-4 million tons."
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Speaking at a press conference, Li Dongguang, president of China Aluminum International Trading Co, a subsidiary overseeing the Mongolian deal, said the company would seek compensation for any breach of the contract.
Li said Chalco imported 2.37 million tons of coal from Tavan Tolgoi in 2012, lower than the original plan of 3-4 million tons."
'via Blog this'
