Multinational investment banks are after Erdenes Tavan-Tolgoi

The world’s top investment banks furnished their proposal to get involved in the IPO of Erdenes Tavan Tolgoi prior to closing of the tender announced by the government, due on 31 January 2011. Below is the list of investment banks submitted their proposal to the tender:


Bank of China
Jefferies and Company
Standard Chartered bank
Barclays Bank
ING
Bank of America - Merrill Lynch
Morgan Stanley
UBS
HSBC
Credit Suisse
Macquarie
BNP Paribas
CITI
JP Morgan
Goldman Sachs
Deutsche Bank

Mr. Enebish B, CEO of “Erdenes Tavan Tolgoi” LLC said, “The world’s giants are interested in. A Lot will depend upon us” and continued about current situation of Tavan Tolgoi deposit that “ company has been pursuing to mine 1-2 million tons of coal this year, 5-6 million tons in next year, then 15 million tons of coal after 4-5 years. Also highlighted that, “Erdenes Tavan Tolgoi” LLC is planned to export raw coal during first 2 years until coal washing plant built according to their approved business plan.

Source: BDSec