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SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s):  SGQRF

SouthGobi Resources Ltd. is an integrated coal mining, development and exploration company. It owns a 100% interest in the Ovoot Tolgoi open pit coal mine (the Ovoot Tolgoi Mine), and in the development projects, the Soumber Deposit and the Zag Suuj Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, all of which are located within 150 kilometers (km) of each other and in close proximity to the Chinese-Mongolian border. The Ovoot Tolgoi Mine, strategically located over 40km from the Shivee Khuren-Ceke crossing at the China-Mongolia border (Shivee Khuren Border Crossing), is its flagship asset. The Ovoot Tolgoi Mine has two distinct pits: the Sunrise and Sunset pits. The Soumber Deposit includes Central Soumber, East Soumber, Biluut, South Biluut and Jargalant Fields, is located approximately 20km east of the Ovoot Tolgoi Mine. The Zag Suuj Deposit, located over 150km east of the Ovoot Tolgoi Mine and over 80km north of the Mongolia-China border.


TSXV:SGQ - Post by User

Bullboard Posts
Post by jims101on Oct 17, 2008 11:52am
169 Views
Post# 15531620

Hope springs eternally..Mongolian may act?

Hope springs eternally..Mongolian may act?From a release issued by IVN

"The Mongolian Parliament has established a new, all-party working group of members of parliament that is to report on proposed changes to the country's Minerals Law by November 15."

IVN/RIO says they are eager to negotiate  - boy, that is news..... 

but maybe, just maybe, the Mongolians will get their act together and come through with something that their parliament can vote yes to that IVN/RIO can accept by sometime early new year....
Bullboard Posts