Tuesday, June 28, 2016

[BREAKING: Rostec 'agrees' to sell 49% stakes in Erdenet, Mongolrostsvetment to TDB for $500m]

Please click Display Images or Download Pictures to properly view this newswire

Tuesday, June 28, 2016

Follow Cover Mongolia on LinkedIn, Twitter, Facebook, Instagram, Google+, YouTube and Blogspot


Rostec Said to Agree $500m Sale of Copper, Gold JVs to Mongolia

By Andrey Lemeshko

June 28 (Bloomberg) -- Rostec agreed to sell its 49% stakes in copper mining co. Erdenet and in gold, iron ore producer Mongolrostsvetment to unit of Trade & Development Bank of
, 2 people familiar w/ situation say, asking not to be identified before official announcement.

* Rostec may get total $500m from sales; Russian govt approved deals

* Rostec’s press service declined to comment; representative of Trade & Development Bank of Mongolia didn’t comment immediately

* NOTE: Metals cos. are JVs between Russia and Mongolia; Erdenet produces up to 530k tons of copper concentrate/yr




Suite 303, Level 3, Elite Complex

14 Chinggis Avenue, Sukhbaatar District 1

Ulaanbaatar 14251, Mongolia
P Please consider the environment before printing this e-mail.

1 comment:

  1. This comment has been removed by a blog administrator.