Financial Advisor to a national investment bank to recover its default loan (USD175 million) to an iron mining group with its key operation in Mongolia. The group principally engages in minerals mining exploration and trading. It owns and operates an iron ore mine in Mongolia with total reserves of 568 million metric tons. Our work included investigation in relation to the financial and operational status of the group and the mine; analysing the options available to bank; formulating the key strategy and approach to be adopted for the bank to take control and realisation of the assets and businesses of the group.
Business Review & Asset Realisation