Negotiations between investors and the Government of Mongolia over the massive Tavan Tolgoi coking coal project are now in progress. The main meetings between investors and the Government of Mongolia are over, but negotiations in sub-meetings are underway. The sub-meetings are being divided into deposit and railway discussions.

It is estimated that over one billion USD will be spent in advance of Tavan Tolgoi's development.

The winning bidders for the tender are expected to develop Tavan Tolgoi will build a 267 km railway and enrich the plant with a 30 million ton capacity in 2.5 years.

A joint consortium of Mongolia's Energy Resources LLC, Japan's Sumitomo Corporation, and China Shenhua Energy Co Ltd will be in charge of paying the remaining debt of Erdenes Tavan Tolgoi JSC to Chinese state-owned company Chalco, and will also be responsible for future agreements.

State-owned Erdenes Tavan Tolgoi supplied 5.7 million tons of coal to China in 2014, leading national coal exporters.

The Tavan Tolgoi deposit is located close to the ground's surface, making it possible to conduct open pit mining for extraction. This lower cost exploration has lead to high competitiveness in the market, but  Mongolia's lack of infrastructure and demand for a large investment have served as disadvantages. Minister of Mongolia M.Enkhsaikhan, who is in charge of the Tavan Tolgoi mega project, stated, “Mongolian Mining Corporation will hold ownership of 51 percent of the project.”