January 17, 2013

Mongolia’s Erdenes TT Halts Coal Exports to Biggest Buyer China - Bloomberg

Mongolia’s Erdenes TT Halts Coal Exports to Biggest Buyer China - Bloomberg: "The halt comes as Erdenes TT seeks a government loan for as much as $500 million to repay debts and fund infrastructure construction, Batsuuri said last week. The mining company wants to raise prices and cut shipments, changing the terms of the $250 million contract it signed in July 2011 to supply companies including Chalco, as Aluminum Corp. is known."

'via Blog this'