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Russia to Develop the Largest Coal Deposits in Mongolia
4.07.2011 13:13
Russia to Develop the Largest Coal Deposits in Mongolia

A consortium of companies, headed by Russia, became one ot the preliminary winners to develop Mongolia's largest coal field Tavan-Tolgoi. 

      An American mining company Peabody Energy also became a preliminary winner, as well as a joint venture between Chinese Shenhua and Japanese Mitsui. 

      The consortium members are: state-owned company Russian Railways, Japanese companies Itochu, Sumitomo, Marubeni, Sojitz and  Korean POSCO, KEPCO, LG Corp and Daewoo International. 

      The government of Mongolia hopes, that all the preliminary winners will develop Tavan-Tolgoi.





Author: Ksenia Dzhalagonia

Tags: Russian business Resources Mongolia   

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