Origo sets up Mongolia JV with Trafigura
Origo Partners will form a 50-50 joint venture with leading global commodity trader Trafigura to develop iron ore and coking coal projects in Mongolia. The companies want to export several million tonnes a year of coking coal and iron ore to China by truck and rail each year.
Origo and Trafigura have also agreed to consider expanding the scope of the joint venture into other countries in the region, such as Kazakhstan and Russia and to cover all commodities. Operations will...
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