Thursday, 01 Sep 2011
According to the people familiar with the matter that Mongolia aims to list simultaneously in three cities the company that controls one of the world's largest coking-coal deposits.
The people said the multibillion-dollar initial public offering of a government owned stake in Erdenes-Tavan Tolgoi Co may take place in Ulan Bator, Hong Kong and London if Mongolia can overcome technical and logistical hurdles remaining.
Goldman Sachs Group Inc., Deutsche Bank AG, BNP Paribas SA and Macquarie Group Ltd are handling the sale of a stake in state-owned Erdenes-TT as it is known. The company controls the coal deposit in the South Gobi desert near China's northern border.
sourced from online.wsj
According to the people familiar with the matter that Mongolia aims to list simultaneously in three cities the company that controls one of the world's largest coking-coal deposits.
The people said the multibillion-dollar initial public offering of a government owned stake in Erdenes-Tavan Tolgoi Co may take place in Ulan Bator, Hong Kong and London if Mongolia can overcome technical and logistical hurdles remaining.
Goldman Sachs Group Inc., Deutsche Bank AG, BNP Paribas SA and Macquarie Group Ltd are handling the sale of a stake in state-owned Erdenes-TT as it is known. The company controls the coal deposit in the South Gobi desert near China's northern border.
sourced from online.wsj
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