Mongolia May Postpone Picks to Develop Nation’s Biggest Coal Field

Bloomberg reported that Mongolia may wait until the middle of 2013 or later to select companies to develop part of the nation’s biggest coal field.

As quoted in the market report:

Bidders for the West Tsankhi area of the Tavan Tolgoi deposit “have proposed very attractive offers and the government will discuss with each of them in detail and decide which offer has higher value,” Nemekhbayar Enkhbayar, head of the economy, finance and investment division in the Ministry of Mines, said in an interview in Hong Kong today. “We have to take the geographical situation into account and Chinese companies have big advantages on this.

To view the whole Bloomberg report, click here.