Xanadu Mines poised to appoint banks for coal sale
Sarah Thompson, Christine Lacy and Stephen Shore
It seems it’s not just the Chinese and Russians keen to carve out a slice of Mongolia’s coal riches, with Thailand’s Banpu picking up Hunnu Coal for $477 million not long ago and new speculation that the Indians and Indonesians are scouring the country.
Xanadu Mines could be a beneficiary as it looks to appoint banks to sell its thermal coal assets in Mongolia.
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