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SouthGobi Resources Announces Official Registration With Government of Mongolia
SouthGobi Resources Ltd. (TSE:SGQ) is please announced that the Mineral Resource Authority of Mongolia (MRAM) has notified the company of the official registration of the Soumber coal deposit.
The press release is quoted as saying:
Mineral deposit registration is a prerequisite for applying for a Mining License. Under the Minerals Law of Mongolia, mining licenses are issued by MRAM. The initial term for a mining license is 30 years with an option for two 20-year extensions.
Having completed the resource registration step, SouthGobi intends to formally apply for the Soumber mining license in coming weeks.
To view the complete press release, click here.
Click here for a profile on SouthGobi Resources Ltd (TSX:SGQ)
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