05 AUGUST 2011en.smm.cn
Mongolia's Giant Coal Mine Begins Shipments to China's Chalco
Edited by : AL CIRCLE
1 min read
Mongolia's massive Tavan Tolgoi project began shipping 4,000 tonnes of coal south to its new partner, the Aluminum Corp of China Ltd (Chalco) on Thursday following a ceremony at the mine site.
The mine's state-owned operator, Erdenes Tavan Tolgoi, agreed last week to sell $250 million worth of coal to the Chinese company from its east Tsankhi block, a move designed to fund the deposit's overseas listing scheduled for next year.
The mine's state-owned operator, Erdenes Tavan Tolgoi, agreed last week to sell $250 million worth of coal to the Chinese company from its east Tsankhi block, a move designed to fund the deposit's overseas listing scheduled for next year.
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