Russian Railways will submit proposals on the formation of a joint venture to mine the Tavan Tolgoi coal field in Mongolia. The proposal will be delivered to the Russian government by 1 April.
Mr Igor Levitin, Russian Transport Minister and co-chairman of the Russian-Mongolian inter-governmental commission, said at a meeting of the commission said that "the issue is being finalized now."
Tavan Tolgois is in southern Mongolia, 250 km from the Chinese border. It is estimated to contain 5 billion to 6 billion tonnes of coal 40% of it coking coal.
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