Mongolia grants 1-year contract to mine Tavan Tolgoi west block | Reuters: "Mongolia has lined up three local firms to mine the West Tsankhi block of the giant Tavan Tolgoi coal mine for a year, an executive at the state-owned mining company said on Friday, as the country aims to boost coal output.
Mongolia is racing to start producing coal from the long-delayed project as it is under pressure to plug a budget gap and help pay down debt to Aluminium Corp of China (Chalco) amid a sharp downturn in coal prices."
'via Blog this'
Mongolia is racing to start producing coal from the long-delayed project as it is under pressure to plug a budget gap and help pay down debt to Aluminium Corp of China (Chalco) amid a sharp downturn in coal prices."
'via Blog this'
