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    coal-investing

    SouthGobi Resources’ Soumber Coal Deposit Officially Registered with Mongolian Government

    Investing News Network
    Jun. 03, 2011 12:35PM PST
    Industrial Metals Investing

    SouthGobi Resources Ltd ( CVE:SGQ) announced that the Mineral Resource Authority of Mongolia (MRAM) has officially registered the company’s Soumber coal deposit.

    SouthGobi Resources Ltd (TSXV:SGQ) announced that the Mineral Resource Authority of Mongolia (MRAM) has officially registered the company’s Soumber coal deposit. Mineral deposit registration is a prerequisite for applying for a Mining License.

    The press release is quoted as saying:

    SouthGobi Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia’s South Gobi Region. The company’s flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China. The company plans to supply a wide range of coal products to markets in Asia.

    Click here to access the entire news release.


    Click here for a profile of SouthGobi Resources Ltd ( CVE:SGQ)

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