Support The Moscow Times!

Tavan Tolgoi Irks Koreans

South Korea said the bidding process for Mongolia's Tavan Tolgoi coal project was "unclear and unfair" and its companies were excluded from the three shortlisted groups to develop the project.

Mongolia said it picked U.S. miner Peabody Energy, China's Shenhua and a Russian-Mongolia consortium out of six preferred bidders. South Korea said the Mongolian government asked the preferred bidders in April to form a grand consortium for the project and bidders have been in talks to meet the request.

"While we were still in talks, the Mongolian government unilaterally announced three shortlisted bidders," Seoul's Energy Ministry said in a statement. Mongolia picked a newly formed Russian-Mongolian consortium and excluded Korean and Japanese firms, it said.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.