BEIJING, April 13 (Reuters) - Mongolia will announce results of bidding to develop the prized Tavan Tolgoi coal mine “very soon”, a government official said on Wednesday.
“The results of the bidding will be announced very soon”, Erdenepurev Amarkhuu, director general of the fuel department of the Mongolian Ministry of Mineral Resources told an industry conference in Beijing.
ArcelorMittal , Vale and Xstrata are among six bidders short-listed to develop Mongolia’s Tavan Tolgoi mine, the world’s largest untapped coking coal deposit. [ID:nL3E7E70CI]
U.S. coal miner Peabody , a consortium of Chinese energy firm Shenhua and Japan’s Mitsui & Co , and a separate consortium of Japanese, South Korean and Russian firms are the other preferred bidders. (Reporting by Fayen Wong; Editing by Ken Wills)