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    coal investing

    SouthGobi and Modun Agree to Cancel Tsagaan Tolgoi Sale

    Charlotte McLeod
    Aug. 29, 2012 09:44AM PST
    Industrial Metals

    SouthGobi Resources Ltd. (TSX:SGQ) announced that it will not be selling its Tsagaan Tolgoi coal deposit to Modun Resources Ltd. (ASX:MOU); the decision not to go forward with the sale was mutual.

    SouthGobi Resources Ltd. (TSX:SGQ) announced that it will not be selling its Tsagaan Tolgoi coal deposit to Modun Resources Ltd. (ASX:MOU); the decision not to go forward with the sale was mutual.

    As quoted in the press release:

    The Tsagaan Tolgoi Deposit remains non-core to SouthGobi and SouthGobi is evaluating options.

    Click here to read the full SouthGobi Resources Ltd. (TSX:SGQ) press release.

    coal investingtsx:sgqsouthgobi resources ltd
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