Triple IPO for Mongolian miner

Mongolia's government plans to list state-owned Erdenes-Tavan Tolgoi, which controls one of the world's largest untapped coking coal deposits, in Hong Kong, London and Ulan Bator. The initial public offering in the three cities would take place if the government could “overcome technical and logistical hurdles”, it said. The Tavan Tolgoi deposit, in Mongolia's south Gobi region, has estimated reserves of six billion tonnes of coal, including the world's largest untapped deposit of coking coal, which is used in steelmaking.