SouthGobi gets pre-mining agreements that end investment dispute in Mongolia

August 26 08:04 2013 Print This Article

Canadian Press  2013-08-22

SouthGobi Resources Ltd.
says it has received three pre-mining agreements in Mongolia
that end an investment dispute the coal company has had with
local mining authorities.
The Hong Kong-based company, which is listed on the Toronto
Stock Exchange (TSX:SGQ), said Thursday the agreements will
allow it to apply for a mining licence.
The three agreements and another one granted last January
resolve key aspects of the dispute and signals improving
relationships with key stakeholders, the company said.
SouthGobi was spun off as a coal-focused company operating
in the same area a major copper mine developed by Vancouver-
based Turquoise Hill, a publicly traded subsidiary of Rio Tinto
PLC (NYSE:RIO).
Turquoise Hill Resources (TSX:TRQ), formerly called Ivanhoe
Mines, remains SouthGobi’s largest shareholder.

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Saranchimeg Enkhee
Saranchimeg Enkhee

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