Tender on Tavantolgoi floated

The Government and the State Property Committee have asked
domestic and foreign companies to submit bids to operate the Tavantolgoi deposit
under contract with a State-owned company to be formed for the purpose. Among
the requirements listed in the tender are:

1.    Ability to annually mine 15 million tons of coal;

2.     Reputation;

3.    Last three years’ financial audit repots;

4.    Financial capacity, access to funds from reliable
financial organizations;

5.    Experience in managing and operating coal mines;

6.    Capacity to use modern and progressive technology and
techniques;

7.   Application of international standards to protect the
environment and to post-mining reclamation;

8.   Proper labor safety measures;

9.   Access to trained and skilled manpower; and

10.  Integrity.