SouthGobi Plans Production of 3.2 Million Tonnes for 2013 with Ovoot Tolgoi Back Online

SouthGobi Resources Ltd. (TSX:SGQ) announced that they have resumed operations at their Ovoot Tolgoi coal mine.

As quoted in the press release:

Production has been fully curtailed since the end of June 2012 and the Company has used this period of halted production to adapt to the new market environment and restructure and reposition its Mongolian business. Operations will resume in a conservative and therefore cost effective, cash positive and sustainable manner.

To view the whole press release, click here.

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.
Comments

Leave a Reply