The US is pushing to block coal exports as Japan and India compete for supply.
Articles Tagged "SouthGobi Resources Ltd"
SouthGobi Resources Ltd. (TSX:SGQ) announced that they have resumed operations at their Ovoot Tolgoi coal mine.
Chinese state-controlled aluminum miner Chalco has dropped a $926 million bid for up to 60 percent of SouthGobi Resources. The stake is owned by Canadian company Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ), developer of the massive Oyu Tolgoi copper-gold complex in Mongolia and formerly Ivanhoe Mines.
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.
Landlocked and loaded with coal, Mongolia is playing a game of diplomacy with neighboring China and Russia as it unlocks its vast resource potential.
SouthGobi Resources Ltd.(TSX:SGQ) announced that Ivanhoe Mines and Chalco have agreed to a thirty day extension. The thirty day extension applies to the proportional takeover bid for SouthGobi Resources.
SouthGobi Resources Ltd.(TSX:SGQ) announced that it has commenced construction of a new paved coal highway from its Ovoot Tolgoi complex to the Mongolia-China border. Construction started on June 16, 2012.
SouthGobi Resources Ltd. (TSX:SGQ) welcomes the opening of eight new border gates that are exclusive for coal transportation at the Shivee Khuren-Ceke border crossing on May 28, 2012, significantly increasing the capacity for exportation of coal from Mongolia to China.
SouthGobi Resources Ltd. (TSX:SGQ) will announce its first quarter 2012 financial results before on Monday, May 14, 2012, on a conference call and audio webcast.