Prime Minister S.Batbold has said Mongolia may start the process toward listing shares in its gold, copper and coal companies in international stock exchanges later this year. First, however, these companies based on the mineral reserves have to be formed. Also, before going to global investors, the shares will be sold first on the Mongolian Stock Exchange. International investment banks are likely to be hired to help it sell shares abroad.

“Parliament has given the approval for the Government to start the preparation” for the share sales, Batbold told Bloomberg in a recent interview.  “This is a demand and a necessity for Mongolia, to make best use of these resources to develop the country. Mongolia has not yet decided whether to group all asset classes into three companies, or to create smaller companies around specific commodities, he said.