UPDATE 1-Mongolia mine closure plunges SouthGobi into the red | Reuters: "(Reuters) - Mongolia-focused coal miner SouthGobi Resources Ltd posted a hefty loss for 2012 as Ulan Bator forced it to suspend its only producing mine in response to a takeover bid from China's state-owned Chalco .
But SouthGobi, which is now controlled by Rio Tinto Ltd , has resumed operation and aims to produce 3.2 million tonnes of semi-soft coking coal this year, its president and chief executive, Ross Tromans, told Reuters in a telephone interview."
'via Blog this'
