Despite assurance from Minister for Minerals and Energy D.Zorigt that the contract mining method favored by Prime Minister S.Batbold to allow Mongolia to retain 100% ownership of would find takers, there has so far been no indication how investors see the proposal. With Erdenes MGL inviting 11 investors to a discussion this week, this will now be known.

The companies are: Shinhua Energy of China, Bazovii Element and Renova of Russia, Xtrata of Australia, Peabody Energy of USA, BHP Billiton of Great Britain, Vale of Brazil, Sojits of Japan, Marubeni and Itochu of Japan, CORES of South Korea, Mitsui of Japan, Jindal Steel and Power of India, Sumitomo of Japan.

It will soon be clear whether the railroad will be placed from Gashuun Sukhait or if it will go via Sainshand.