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Mongolia revives plan for billion-dollar coal mine IPO

Government yet to choose overseas venue for Tavan Tolgoi listing

Tavan Tolgoi coal mine
Tavan Tolgoi holds estimated reserves of 7.5 billion tons of coking coal.  (Photo by  Byamba-Ochir Byambadorj)

ULAANBAATAR -- The Mongolian government has revived plans shelved several years ago for an international stock offering of the company that controls one of the world's largest coal mines, buoyed by recovering commodity prices.

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