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South Gobi Commences Construction of New Road from Ovoot Tolgoi
Jun. 19, 2012 10:42AM PST
Industrial MetalsSouthGobi Resources Ltd.(TSX:SGQ) announced that it has commenced construction of a new paved coal highway from its Ovoot Tolgoi complex to the Mongolia-China border. Construction started on June 16, 2012.
As quoted in the press release:
On August 2, 2011, the State Property Committee of Mongolia awarded the tender to construct a paved highway from the Ovoot Tolgoi Complex to the Shivee Khuren Border Crossing to consortium partners NTB LLC and SouthGobi Sands LLC, a wholly-owned subsidiary of SouthGobi Resources (together referred to as “RDCC”).
SouthGobi, President and CEO, Alexander Molyneux, stated:
The new paved coal highway will significantly increase the safety of coal transportation to the border, reduce dust, and improve efficiency and capacity of coal transportation.
Click here to read the SouthGobi Resources Ltd. (TSX:SGQ) press release
Click here to see the SouthGobi Resources Ltd. (TSX:SGQ) profile
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