(Ulaanbaatar) Dec 3, Final six bidders for Tavantolgoi investment and operation project were sent bid letters on Sep 1, 2014. Dec 1, tender committee had received final proposal documents from the bid participants, including China Shenhua Energy Co. (1088), Sumitomo Corp, Peabody Energy Corp, (BTU) and Energy Resources LLC consortium.
Itochu and Sojitz consortium, Mitsui and Tavantolgoi sent bids on projects develop the deposit and market the coal.
The new tender for investments and developments of Tavantolgoi deposit was announced back in August according to the Government Resolution 268. The winner is expected to take charge over Erdenes Tavantolgoi JCS management and finacials, develop the coal processing plant with annual capacity of 30 million tons in 2.5 years, build railroad connecting Tavantolgoi with Gashuunsukhait port and market the coking coal to the second market.
Government Resolution states the requirement for the bidder to have Mongolian national holding the controlling interest and 5-year experience in coal operations and only Energy Resources fits into this requirement.
(Ulaanbaatar) Dec 3, Final six bidders for Tavantolgoi investment and operation project were sent bid letters on Sep 1, 2014. Dec 1, tender committee had received final proposal documents from the bid participants, including China Shenhua Energy Co. (1088), Sumitomo Corp, Peabody Energy Corp, (BTU) and Energy Resources LLC consortium.
Itochu and Sojitz consortium, Mitsui and Tavantolgoi sent bids on projects develop the deposit and market the coal.
The new tender for investments and developments of Tavantolgoi deposit was announced back in August according to the Government Resolution 268. The winner is expected to take charge over Erdenes Tavantolgoi JCS management and finacials, develop the coal processing plant with annual capacity of 30 million tons in 2.5 years, build railroad connecting Tavantolgoi with Gashuunsukhait port and market the coking coal to the second market.
Government Resolution states the requirement for the bidder to have Mongolian national holding the controlling interest and 5-year experience in coal operations and only Energy Resources fits into this requirement.