Mongolia,
home to potentially some of the world”s largest mineral deposits, is set to
float some of its state-owned mining assets after receiving proposals from a
number of bourses, including the London Stock Exchange (LSE). The Mongolian
administration is in talks with a number of stock exchanges, and while London
is home to a host of major international mining companies, the Hong Kong bourse
is also in developed negotiations.

A spokesman
for the LSE refused to confirm to Bloomberg that it had held talks with the
Mongolians, but said the exchange had business development interests in the
republic bordering China and Russia. As well as the LSE and the Hong Kong
exchange, Nasdaq is also understood to have spoken to Mongolian officials.