International energy giants fought fiercely for the development right of the coal mine. A consortium composed of China Shenhua Group and Japanese trading company Mitsui & Co., Ltd., American mining giant Bodie Energy, Brazil's Vale, Xstrata, Switzerland, and European steel giant ArcelorMittal, as well as Russian state-owned Russian Railways, South Korea's Posco, South Korea's Electric Power and other enterprises participated in the bidding for development rights.
On June 30th, 2065438+0/KLOC-0, Mongolian Ambassador to China tsedenjav sukhbaatar revealed that there were only three companies left in the first round of bidding, two of which were Russian and China enterprises. China Shenhua Group is regarded as one of the hot competitors, and the final ownership of this coal mine will be decided before July 1 1.
According to the Voice of China News Night, Taben Tolgoi coalfield claims to be one of the largest unexploited coking coal mines in the world, and many international steel producers are eyeing it, because high-quality mineral deposits are increasingly scarce, the demand for steel is increasing, and the price of coal is also rising sharply. Previously, many bidders from all over the world competed fiercely for the development right of the mine. The Mongolian government hopes to help thousands of local herders get rid of poverty by developing coal mines. China Shenhua Group finally acquired 40% equity of the project and became the largest shareholder. Peabody Energy Company of the United States acquired 24% of the shares of the project, and the remaining 36% was held by a consortium jointly established by Russia and Mongolia. The final details and disputes may be decided before the end of the July 1 1 spring meeting.