Mongolia Says $3B Coal IPO Likely Next Year

Bloomberg reported that Mongolia plans an IPO for its Erdenes Tavan Tolgoi coal company.

The market news is quoted as saying:

“Most likely, it’s going to happen next year,” Khurelbaatar Chimed, Minister of Mongolia and Chief of the Cabinet Office, said today in an interview with Bloomberg TV in Hong Kong.

To read the full market news, click here.