ID :
351572
Wed, 12/17/2014 - 13:53
Auther :

ERDENES TT TO REVIEW FINANCIAL PROPOSALS

Ulaanbaatar /MONTSAME/ A meeting ran on December 17 of the working group in charge of a selection of strategic investor for Tavan Tolgoi coal deposit. The gathered decided to review financial proposals of Peabody Energy Corporation and of a joint consortium of China Shenhua Energy Company, Sumitomo Corporation and Energy Resource LLC. The above companies have satisfied the criteria of potential investor for the deposit, as a conclusion says of the working group. Technical proposals from six companies from the USA, Japan, China and Mongolia were submitted on this December 1. The meeting also discussed the assessment over the satisfactory competitors and decided to meticulously examine their financial proposals. The Minister of Mongolia M.Enkhsaikhan underlined that the selection processes must be run in an open and transparent manner. The group consists of the head of the group Mr Enkhsaikhan, Minister of Finance J.Erdenebat, Minister of Mining R.Jigjid, State secretary of Ministry of Environment, Green Development and Tourism J.Batbold, State secretary of Ministry of Justice J.Bayartsetseg, executive director of Erdenes Tavan Tolgoi LLC Ya.Batsuuri as the secretary, and representatives of related NGOs and state-owned companies.

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