Mongolia's Tavan Tolgoi says no IPO in 2013: "ULAN BATOR - Mongolia's giant Tavan Tolgoi coal project is facing financial difficulties and an initial public offering for the mine originally scheduled for this year will not go ahead, the chief executive of the development said on Thursday.
"E-TT (Erdenes Tavan Tolgoi) is facing ... financial difficulties. That's why we stopped our coal transportation and export," Batsuur Yaichil, the head of Erdenes Tavan Tolgoi, the state-owned firm in charge of the project, told Reuters.
He said the government was going to provide assistance to help the company pay its debts."
'via Blog this'
