Mongolia opens mine site to tender

Mongolia's plan to develop the untapped western block of its massive Tavan Tolgoi coal mine will help raise cash from new customers to offset an exclusive but loss-making supply deal with China's Chalco, an official with the mine's developer said.

The mine's state-owned operator, Erdenes Tavan Tolgoi (ETT), expects to begin exporting coal from the West Tsankhi coal field in the third quarter of this year after opening it up to tender last week, said Tsagaan-Uvgun Delgersaikhan, the head of mine planning at the firm.

via Business feed http://www.scmp.com/business/china-business/article/1232413/mongolia-opens-mine-site-tender