ULAANBAATAR - Mongolia has shelved plans to sell up to $3 billion in shares of the country's flagship coal mine on an international stock market, as officials say the funds are no longer needed.
Materials
Mongolia says international IPO for coal mine no longer needed
Government had talked of raising up to $3bn in Hong Kong stock sale
Proceeds from the canceled IPO of Tavan Tolgoi were earmarked toward building a railway to carry the mine’s coal output, now transported by truck, to China. © Reuters
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