Mongolian Mining gets nod for up to $1 bln HK IPO -sources

HONG KONG Aug 27 (Reuters) - Mongolian coking coal company Mongolian Mining Corp (formerly Energy Resources) has received approval from the listing committee of the Hong Kong stock exchange to proceed with its $800 million to $1 billion initial public offering, sources close to the deal said on Friday.

Mongolian Mining, whose Ukhaa Khudag mine is roughly 245 km from Mongolia's border with China, will be the first company listed in Hong Kong to be fully based and operated in Mongolia.

The company would kick off pre-marketing in the next week and start its marketing road show in mid-September, the sources said.

JP Morgan (JPM.N) and Citigroup (C.N) are handling the IPO. (Reporting by Kennix Chim; Editing by Chris Lewis)