Thursday, October 14, 2010

Mongolian Mining Corp raises USD 650 million in HK stock exchange IPO

Mongolian Mining Corp, Mongolia's largest privately-held domestic producer and exporter of coking coal, raised $650 million by pricing its Hong Kong initial public offering at the middle of an indicative range. [Source]

The company is partly owned by MCS Holding of Mongolia and Kerry Group of Hong Kong.

Watch an interview with Mr.Odjargal, the exec. director of MMC: