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Wednesday, July 6, 2011




Mongolia Briefing is a magazine and daily news service about doing business in Mongolia. We cover topics relating to the Mongolian economy, the market in Mongolia, foreign direct investment and Mongolian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates


Shipping & Logistics

South Korean Consortium Signs US$3 Billion Rail Deal with Mongolia

Mar. 28 – A major consortium of South Korean companies has signed a US$3 billion preliminary rail deal with Mongolian Railway in Seoul on Thursday to help transport coal out of Mongolia’s Tavan Tolgoi – the world’s largest untapped coal mine with an estimated 6.4 billion tons of reserves.

The consortium, consisting of state-run Korea Rail Network Authority and top manufacturing companies including Lotte Engineering & Construction, Hyundai Engineering & Construction, and Daewoo Engineering & Construction, looks to begin work in the first half of next year on a 1,040-kilometer railway connecting Tavan Tolgoi in the Gobi Desert to eastern Mongolia’s Choibalsan. Continue reading

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Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at mongolia@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


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