(EnergyAsia, December 2 2010, Thursday) — Mongolia is setting up Erdenes-Tavantolgoi Ltd as a wholly-owned subsidiary of state-owned Erdenes MGL to develop and operate the Tavantolgoi coal deposit in the south. The government plans to raise around US$1.5 billion through an initial public offering of 30% of Erdenes-Tavantolgoi. It will give away ownership vouchers, equivalent…