Mongolia Taps Shenhua to Break China Coal Impasse - Energy TribuneEnergy Tribune: "A new management team at Tavan Tolgoi, appointed last fall by the freshly elected Mongolian government, has repaid nearly two-thirds of the $350 million loan but now wants to redraw the contract to reflect fluctuating market prices for coal, he said. Coking coal import prices have since reached around $190/ton, according to the 52Steel.com consultancy.
The impasse had led in part to Tavan Tolgoi being unable to continue to pay for the logistical operations of transporting and exporting the coal to China, he said.
Mongolia is now tapping Shenhua, which is in the running as a candidate to develop part of Tavan Tolgoi, to try to resolve the dispute."
'via Blog this'
The impasse had led in part to Tavan Tolgoi being unable to continue to pay for the logistical operations of transporting and exporting the coal to China, he said.
Mongolia is now tapping Shenhua, which is in the running as a candidate to develop part of Tavan Tolgoi, to try to resolve the dispute."
'via Blog this'
