Mongolia seeks bids to mine Tavan Tolgoi
https://www.reuters.com/article/2013/05/03/mongolia-tavantolgoi-bids-idUSL3N0DK0LT20130503
Mongolia seeks bids to mine part of huge Tavan Tolgoi coal mine
May 3, 2013 1:17am EDT
May 3 (Reuters) - Mongolia's Erdenes Tavan Tolgoi has launched a tender for a one-year contract to mine the western Tsankhi block of the giant Tavan Tolgoi coal field, a top executive of the state-owned company said on Friday.
Mongolia needs to kickstart the long-delayed project as it is under pressure to boost mine production and revenue to plug a budget gap and stave off a credit downgrade amid a sharp downturn in commodity prices.
It is also trying to attract foreign investors who have been scared away over the past year by regulatory changes and a dispute over the agreement governing the massive Oyu Tolgoi copper mine.
Bids for the western Tsankhi mining contract are due on May 31, Chief Financial Officer Batdorj Enkhbat told Reuters.
More on link above
We wish them good luck!