Mar7, 2011 |Reuters
ArcelorMittal , the world's largest steelmaker, Brazil's Vale and a Korea Resources consortium, are among six short-listed bidders to develop Mongolia's Tavan Tolgoi mine, the world's biggest untapped coking coal deposit, South Korea said.
Swiss miner Xstrata , U.S. coal miner Peabody and Japan's Mitsui & Co consortium are the other three preferred bidders to develop the west Tsankhi block of the mine, Korea Resources said in a statement.
It estimated a $7.3 billion initial investment to develop the Tsankhi block, which has 1.2 billion tonnes of coal reserves and can produce 15 million tonnes annually for 30 years.
Tavan Tolgoi has estimated reserves of 6 billion tonnes of coal, including the world's largest untapped deposit of coking coal, used by steelmakers.
Tags : Tsankhi block, steelmakers, raw material, Mitsui and Co. Itochu Corp
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment