Canadian Business / The Canadian Press: SouthGobi to sell Tsagaan Tolgoi coal deposit in US$30-million deal

A subsidiary of Ivanhoe Mines has agreed to sell a Mongolian thermal coal property to Modun Resources Ltd. in a deal valued at US$30 million. SouthGobi Resources Ltd. expects to receive US$7.5 million up-front in cash and the rest in shares of Modun, a Mongolia-focused company that’s listed on the Australian Stock Exchange. To read the full article, click hereSouthGobi to sell Tsagaan Tolgoi coal deposit in US$30-million deal

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