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Mongolia cancels Tavan Tolgoi’s $1 billion IPO plan

Cecilia Jamasmie | April 28, 2020 | 3:49 am Markets Asia Coal 

Mongolia has cancelled an executive order to fund its giant Tavan Tolgoi coal project through an international initial public offering (IPO), citing “political distortions” and the current dire state of global financial markets. Erdenes Tavan Tolgoi (ETT), the state-owned company that holds...

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