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- Title
Mongolian coal mine put on hold; Financial troubles halt progress of massive Tavan Tolgoi project.
- Abstract
The article reports that the Tavan Tongoi coal mine project in Mongolia will halt construction in 2013 due to financial problames for the government-owned mining corporation Erdenes Tavan Tolgoi (E-TT). The company will delay the project until it receives a government bailout of $350 million and if it can renegotiate a supply contract with Aluminum Corp. of China.
- Subjects
MONGOLIA; GOVERNMENT ownership of coal mines; COAL industry; COAL mine design &; construction; ERDENES Tavan Tolgoi (Company); ALUMINUM Corp. of China Ltd.; FINANCE; ECONOMIC history
- Publication
Mining Engineering, 2013, Vol 65, Issue 3, p33
- ISSN
0026-5187
- Publication type
Article