Development of Tavan Tolgoi, one of the world’s largest deposits of coking coal used in steel-making, has long been delayed, due to poor infrastructure and disputes over the role foreign investment should play in digging Mongolia’s resources.
The government is keen to develop the mine, which holds an estimated 7.4 billion tonnes in reserves, as the market for coking coal is strong.
Sumiyabazar said the country is looking to Chinese investment to help fund a railway from Tavan Tolgoi in the Gobi desert, about 250 kilometres (155 miles) from the Chinese border.
(By Melanie Burton; Editing by Leslie Adler and Richard Chang)