SouthGobi Energy Resources closes Mamahak Project Sale

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Sat, Dec 26, 2009

Coal Company News
Post by Researcher , Coal Researcher

SouthGobi Energy Resources Ltd. (TSX:SGQ) reported that the company has closed the sale of its Mamahak coal project to Kangaroo Resources Limited, as previously announced on December 15, 2009.

The press release is quoted as saying:

SouthGobi Energy Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia’s South Gobi Region. The company’s flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China. The company plans to supply a wide range of coal products to markets in Asia.

Click here to access the entire press release

Click here to access SouthGobi Energy Resources Corporate Site

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