Trafigura, Origo Form Coal/Iron Ore Mongolia J.V.

Reuters reported Trafigura and Origo Partners Plc. (LSE:OPP) have formed a 50:50 joint venture to develop Mongolian coal and iron ore deposits.

As quoted in the market news:

Trafigura-Origo MGL will invest in a number of already identified Mongolian iron ore and coal exploration projects and target further high-grade deposits, the companies said on Monday in a joint announcement.

Click here to read the full Reuters report.