Mongolia’s Cabinet has decided to review a draft agreement on ownership of Tavan Tolgoi, a potentially huge coking coal project in the Gobi Desert that has attracted interest from some of the world’s biggest mining companies.
The decision means the Mongolian government will set up a working group to renegotiate ownership and investment rights for the [...]

Russia’s second-largest steel producer and major coking coal miner, Severstal , is to target China as the main market for coking coal produced in a Mongolia joint venture, a senior Severstal official said on Thursday.
“We are really looking to target the Chinese market for coking coal,” the Severstal official said. “The deposit in Mongolia contains [...]