ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Markets

Mongolian state coal miner chooses Hong Kong for $3bn IPO

Listing a victory for exchange after forecasts that 2019 offerings would plunge

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 state company controlling one of the world's largest coal mines plans to raise up to $3 billion in a public stock offering in Hong Kong this year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more