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Mongolia's government is asking China's largest coal producer, China Shenhua Energy, to help...
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Friday, January 25, 9:39 AM ETMongolia's government is asking China's largest coal producer, China Shenhua Energy, to help break a deadlock over terms of a souring coal supply deal with Aluminum Corp. of China (ACH -2.1%). Mongolia, which has huge and as yet lightly exploited mineral reserves, plans to cancel the $250M deal with Chalco it deems undervalued and potentially creates over-reliance on China.
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