From Bloomberg: Mongolian Mining Corp. and its shareholders will raise as much as HK$5.28 billion ($680 million) in a Hong Kong initial public offering to fund rising production and build a railway line to transport coal.
SouthGobi Resources Ltd., the Canada-listed company backed by China’s sovereign wealth fund, trades at 11.2 times consensus forecasts for 2012 profit, JPMorgan said in its research report……………………………………….Full Article: Source