Source: Reuters               Date: 06 October, 2010

Mongolian Mining Corp, Mongolia's largest privately held domestic producer and exporter of coking coal, raised USD650 million by pricing its Hong Kong initial public offering at the middle of the indicative range. The company, whose Ukhaa Ukudag (UHG) mine is rougly 245 km from Mongolia's border with China, sold 719 million shares at HKD7.02 each, the middle of the range of HKD6.48 to HKD7.56 each.

The information comes from asource directly involved with the deal but not authorized to speak publicly on the matter. Mongolian Mining's trading debut is set for October 13.

JP Morgan and Citigroup are handling the IPO.