November 15, 2012

SouthGobi reports loss as Mongolia mine stays closed - FAST NEWS - Mineweb.com Mineweb

SouthGobi reports loss as Mongolia mine stays closed - FAST NEWS - Mineweb.com Mineweb: "The Mongolia government suspended the mining license of the company, which operates the Ovoot Tolgoi coal mine, in April following a bid by Chinese state-owned Chalco.

Chalco dropped its $926 million bid for a majority stake in SouthGobi in early September in the face of stiff political opposition."

'via Blog this'