I would bet that the offer being submitted to Hong Kong...

I would bet that the offer being submitted to Hong Kong investors will be over subscribed.

Given that Australia's coal exports to China will soon be a thing of the past,

Mongolia has replaced Australia to be China's largest coking coal supplier, said Mr. Huang Jingan, President of the China Coking Coal Industry Association, at a summit forum about the country's coking coal supply and demand situation held in Xinjiang on October 22.

Statistics show that China imported 26.49 million tonnes of coking coal in the first eight months of the current year, down 9.7 percent compared with the same period last year.

The volume of coking coal imported from Australia accounted for 21 percent of China's total imports, that compared with 37 percent in the previous year. By contrast, Mongolian coking coal occupied 43 percent of China's total imports, up from 32 percent a year ago.

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Source: http://www.indiainfoline.com/Markets/News/Mongolia-Replaces-Australia-As-Largest-Coking-Coal-Supplier/3991164177