Mongolia President Sets 2012 Deadline for Picking Coal Partners
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Mongolia President Tsakhia Elbegdorj set an end-of-year deadline to select companies to develop part of its biggest coal field, seeking to resolve a year-long battle for the resource between groups from five nations.
Peabody Energy Corp., OAO Russian Railways, and China’s Shenhua Group are among companies affected by stalled talks to develop the West Tsankhi area of the Tavan Tolgoi coal deposit, Elbegdorj said in his Ulan Bator office. Mongolia is due to get a new government by September at the latest and resolving the impasse will be among its top priorities, he said.