Over 20 investment banks will next month submit written proposals for the
privatisation of Mongolia”s Tavan Tolgoi coal mines that could value it at up
to $8 billion, The Independent on Sunday reported.

The newspaper said bankers from HSBC, Deutsche, Credit Suisse, Citi and
Macquarie are among those who will present proposals to list the coal group in
either Hong Kong, London or give it a dual listing.

It said presentations will be held between Feb. 10 and Feb. 15 in the
Mongolian capital Ulan Bator, with six banks expected to win roles in the
flotation, expected by the first half of next year.

Tavan Tolgoi, which could become one of the world”s largest coal mines, is
owned by Mongolian government entity Erdenes MGL.

Source: http://malaysia.news.yahoo.com