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Mining Companies, Vale – Xstrata – Rio Tinto Submitted Proposal To Develop Mongolia Coal Mine
Vale, Xstrata and Rio Tinto are among the companies that have submitted proposals to develop Mongolia’s prized $2 billion Tavan Tolgoi coal mine, according to two people with direct knowledge of the matter.
Mongolian To Invest Development Coal Mine Resources, Government to Hire Investment Bank
Reuters reported that Mongolia’s government will soon hire an investment bank to sell part of a massive coal mine valued at around USD 2 billion in a historic deal that could bring a windfall to the sleepy country of windswept grasslands.
Russia’s Vekselberg eyes African mining projects
Russian billionaire Viktor Vekselberg is looking to invest in mining projects throughout Africa as his Renova Group moves forward with a large manganese and ferro-alloy project in South Africa.
Vekselberg, Russia’s fifth-richest man, told Reuters in an interview on Friday Renova would complete a feasibility study into the manganese project in the first quarter of 2007.
“South [...]
