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Monday, 11/14/2016 1:12:57 PM

Monday, November 14, 2016 1:12:57 PM

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!Developing!...:

Development of Tavan Tolgoi includes the construction of a 240-kilometer long railway from the mine site to the Chinese border, as well as coal-handling preparation plant, plus power and water supply facilities. The government is planning talks this month with China Shenhua Energy Co., part of a consortium of companies tapped to develop the mine, according to Ganbat Dangaa, the roads and transport minister.


The talks have been delayed for more than a year after the previous government failed to win backing from Parliament for a deal with the consortium. If talks fail again, the government will “have to invite another bidder for the project,’’ said Munkh-Orgil.


http://www.bloomberg.com/news/articles/2016-11-14/mongolia-will-walk-the-walk-to-revive-economy-in-crisis

That relates to this:

China's Shenhua signs first coal trade deal with Mongolia
Sun Apr 19, 2015 7:11am GMT


BEIJING, April 19 (Reuters) - China's biggest coal producer, the Shenhua Group, has signed a deal to buy 1.2 million tonnes of high-grade coking coal from Mongolia, a move that could help pave the way for the state-owned firm to invest in one of Mongolia's biggest mines.

China's State-Owned Assets Supervision and Administration Commission (SASAC) said in a notice posted late on Friday that the transaction signed by Shenhua's foreign business arm and Mongolia's Energy Resources LLC was the first such deal between the two sides and would "build good foundations for future cooperation in trade and other activities".

Neither Shenhua nor Energy Resources, a subsidiary of the Hong Kong-listed Mongolia Mining Corporation, were available to comment when contacted on Sunday.

Along with Energy Resources and Japan's Sumitomo Corporation , Shenhua is part of a consortium expected to take over operations at the massive Tavan Tolgoi coking coal mine, close to Mongolia's southern border with China.

Desperate to rejuvenate its flagging economy, the Mongolian government agreed to hand over the construction and operation of Tavan Tolgoi to the consortium earlier this year, but the deal still needs to be ratified by parliament.


http://af.reuters.com/article/energyOilNews/idAFL4N0XG05V20150419

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