February 8, 2013

RPT-Mongolia puts restrictions on SouthGobi's bank accounts, assets | Reuters

RPT-Mongolia puts restrictions on SouthGobi's bank accounts, assets | Reuters: "Feb 7 (Reuters) - Canadian coal miner SouthGobi Resources Ltd said Mongolia's anti-corruption authority has imposed restrictions on the company's Mongolian unit, including its local bank accounts, as it investigates asset sales.

The orders restrict the use of in-country funds but are not expected to have any material impact on the company's activities, said SouthGobi, which is controlled by Rio Tinto Ltd "

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