Sharyn Gol JSC Announces the Receipt of All Government Approvals Necessary for Production at the New Open Pit Mine at the Shaazgait Coal Deposit - MarketWatch: "ULAANBAATAR, MONGOLIA, Jul 26, 2012 (MARKETWIRE via COMTEX) -- Sharyn Gol JSC (mse:SHG) ("Sharyn Gol") is pleased to announce that the Ministry of Nature, Environment and Tourism has accepted its Environmental Impact Assessment Report for the planned new open pit mine at the Shaazgait thermal coal deposit ("Shaazgait"). Following the recent approval of its Feasibility Study by the Mineral Resources Authority of Mongolia, Sharyn Gol has now received all government approvals necessary to launch operations at Shaazgait.
The new opencast mine will enable Sharyn Gol to retain its role as a supplier of low ash, low sulfur, and high calorific value product to the local market. Additionally, the Company is well positioned to utilize its existing infrastructure to expand into both regional and international thermal coal markets."
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