Tag Archives: Mining

China’s Takeover Bid for Mongolian Coal-Producer Expected to Fail

It is expected that the state-owned Aluminium Corp of China Ltd, or Chalco, will drop its takeover bid for Mongolia’s coal-producer SouthGobi Resources Ltd due to fierce resistance from the Mongolian government. In the aftermath of Chalco’s $926 million bid for SouthGobi, the Mongolian government almost immediately raised roadblocks for the state-backed aluminium company. Continue reading

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