SouthGobi Resources Ltd. (TSE:SGQ) is please announced that the Mineral Resource Authority of Mongolia (MRAM) has notified the company of the official registration of the Soumber coal deposit.
The press release is quoted as saying:
Mineral deposit registration is a prerequisite for applying for a Mining License. Under the Minerals Law of Mongolia, mining licenses are issued by MRAM. The initial term for a mining license is 30 years with an option for two 20-year extensions.
Having completed the resource registration step, SouthGobi intends to formally apply for the Soumber mining license in coming weeks.