Vale, ArcelorMittal Among 15 Bidding for Mongolia Coal Mine

Mining Weekly.com reports that Vale (NYSE:VALE) and ArcelorMital (NYSE:AA) are competing with Asian states over Mongolian coal resources.

The editorial is quoted as saying:

Asian private and state-linked firms are among the 15 bidders vying for Tavan Tolgoi coking coal project, along with the world’s top steelmaker ArcelorMittal SA and the top iron ore miner Vale of Brazil, according to a source with direct knowledge of the matter

To access the full editorial, click here.