Japan has filed a complaint with Mongolia over the bidding process for its massive Tavan Tolgoi coal development project, charging that its decision about the winners is confusing.
The Mongolian government announced this month it had reached a deal with China's Shenhua International, U.S. Peabody Energy and a Russian Railway-Mongolian consortium to develop the west Tsankhi deposit, prized for its massive resources of highly sought after coking coal.
Japanese and Korean firms were not mentioned in the announcement even though they are part of the consortium that includes Russian Railway. Instead the Mongolian announcement says that Russian Railway is now part of a consortium with Mongolian firms but it is not clear what firms are being referred to.
(Sourced from Mineweb)
The Mongolian government announced this month it had reached a deal with China's Shenhua International, U.S. Peabody Energy and a Russian Railway-Mongolian consortium to develop the west Tsankhi deposit, prized for its massive resources of highly sought after coking coal.
Japanese and Korean firms were not mentioned in the announcement even though they are part of the consortium that includes Russian Railway. Instead the Mongolian announcement says that Russian Railway is now part of a consortium with Mongolian firms but it is not clear what firms are being referred to.
(Sourced from Mineweb)
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