Deals
Mongolia to Sell Stake in Biggest Coal Mine to Revive Growth
This article is for subscribers only.
Mongolia is planning to sell stakes in 10 state-owned enterprises over this year and next as well as its biggest coal mine as the nation seeks to revive growth and boost foreign investment in one of the world’s tiniest stock exchanges.
The government intends to offload holdings in power plants and other businesses, according to Angar Davaasuren, chief executive officer of the bourse. A stake in the $4 billion Tavan Tolgoi coal mine will also be on offer, he said in an interview with Bloomberg News in London on Friday.