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The Future of Asia 2019

Mongolia braces for delay of state coal giant's IPO

Parliament chief says elections could interrupt move to list company this year

Gombojav Zandanshatar, chairman of the State Great Hural of Mongolia, speaks to the Nikkei Asian Review in Tokyo on May 30. (Photo by Manami Yamada)

TOKYO -- The head of Mongolia's parliament said that plans to list the state company that controls one of the world's largest coal mines could be delayed.

Gombojav Zandanshatar, chairman of the State Great Hural, told the Nikkei Asian Review in an interview that elections and other factors could impede the market debut of miner Erdenes Tavan Tolgoi this year. He was speaking on the sidelines of Nikkei's Future of Asia conference, held on Thursday and Friday, in Tokyo.

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