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Article: Peabody keen on Mongolia's coal.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 8, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ayesha de Kretser
Nov 08, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Peabody Energy is interested in developing the Tavan Tolgoi coal project in Mongolia. Commentators think that Vale, Chinese and Middle Eastern funds, China Shenhua Energy, Ivanhoe Mining and Rio Tinto would also like to develop the Mongolian coalfield, which has estimated deposits of up to 6.5 billion tonnes. An unnamed source claims BHP Billiton is no longer interested ...