Industrial Minerals


Mongolia to float mining assets

16 June 2010

by Mark Watts

Government receives offers from several exchanges to list state-owned mining firms

Keywords: Mongolia, LSA, HKEX, Rio Tinto, Ivanhoe, Steinbock Minerals, Lotus Resources, Galaxy Resources

Mongolia is planning to privatise some of its state-owned mining assets to raise funding to develop the north-east Asian country’s vast untapped mineral resources.According to London’s Independent newspaper, the Mongolian government has received proposals from several global stock exchanges, including London and Hong Kong.Mongolia has attracted increasing interest from overseas investors recently, with Rio Tinto...