Mongolia’s Debt to Chalco Stalling $4 Billion Tavan Tolgoi Deal
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Mongolia’s accord with a group planning to develop its largest coking coal deposit for $4 billion is being stalled by the government’s $150 million debt to a Chinese state-owned company, Mongolian minister Enkhsaikhan Mendsaikhan said.
“Basically one issue is left,” Enkhsaikhan said by phone from Ulaanbaatar on Thursday. “Unfortunately, solving this issue depends not only on us, but also the Chinese side.”