SouthGobi and Modun Agree to Cancel Tsagaan Tolgoi Sale

SouthGobi Resources Ltd. (TSX:SGQ) announced that it will not be selling its Tsagaan Tolgoi coal deposit to Modun Resources Ltd. (ASX:MOU); the decision not to go forward with the sale was mutual.

As quoted in the press release:

The Tsagaan Tolgoi Deposit remains non-core to SouthGobi and SouthGobi is evaluating options.

Click here to read the full SouthGobi Resources Ltd. (TSX:SGQ) press release.