UPDATE 1-Mongolia Tavan Tolgoi says coal exports to China to resume on Monday | Reuters: "(Reuters) - Mongolia's massive Tavan Tolgoi coal mine will resume exports of coking coal to China on Monday after suspending deliveries in January due to cost pressures, the state firm in charge of the project said.
Erdenes Tavan Tolgoi signed an initial $250 million coal sales agreement with Aluminium Corporation of China (Chalco) in July 2011, but halted deliveries in January, saying the price paid for the coal was below the cost of production.
The firm, already saddled with huge debts, said it wanted to renegotiate the terms of the Chalco deal."
'via Blog this'
