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Miners Bid for Lucrative Mongolian Mine
Mongolia's coal mine â€“ Tavan Tolgoi â€“ is finding itself with three suitors bidding for a 49% stake.
Mongolia's coal mine - Tavan Tolgoi - is finding itself with three suitors bidding for a 49% stake. Amongst the supposed suitors are firms from Japan, Russia, China and Korea, all firms are looking to claim a huge stake in what is said to be the biggest untapped coking coal deposit. To come across such an opportunity is rares, considering that good quality hard coking coal is a rare commodity. An investment in coking coal is considered to be long term and a large asset stated on source. Despite recent prices performances, analysts believe that hard coking coal prices have a bright outlook in the future.read source article