A dozen bidders including ArcelorMittal and Vale of Brazil are vying for the Tavan Tolgoi coking coal project to develop the world's largest untapped coking coal deposit in Mongolia. Also, investment bankers are making a beeline to Ulan Bator, pitching for the public offering of shares, estimated at around $1.5 billion, for some Tavan Tolgoi assets.
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Coal rush in Mongolia
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