Mongolia’s Coal Market on the Mend?

On November 4, Mongolia Mining Corp (MMC) received creditor support for the company’s debt restructuring, which will allow them to emerge from default as a lean and viable concern in the midst of a powerful bull market for coal. Emerging from default will also allow MMC to participate in the consortium bidding to develop Mongolia’s Erdenes Tavan Tolgoi (ETT) mine, the largest undeveloped coal deposit in the world (likely to go forward in the next 45-90 days), which will be a transformational event for the company. The politics and economics surrounding a consortium deal for ETT remain very supportive and is seen by investors as the central catalyst to address Mongolia’s economic woes and improve their image among international investors.

Publisher: BDSec Joint Stock Company

Pages: 5

On November 4, Mongolia Mining Corp (MMC) received creditor support for the company’s debt restructuring, which will allow them to emerge from default as a lean and viable concern in the midst of a powerful bull market for coal. Emerging from default will also allow MMC to participate in the consortium bidding to develop Mongolia’s Erdenes Tavan Tolgoi (ETT) mine, the largest undeveloped coal deposit in the world (likely to go forward in the next 45-90 days), which will be a transformational event for the company. The politics and economics surrounding a consortium deal for ETT remain very supportive and is seen by investors as the central catalyst to address Mongolia’s economic woes and improve their image among international investors.

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