MarketWatch / marketwire: SouthGobi Resources Ltd. – Mineral Resources Authority of Mongolia Announces Suspension of Exploration and Mining Activities on Certain Licenses

SouthGobi Resources Ltd. (“SouthGobi”) announced today that the Mineral Resources Authority of Mongolia (“MRAM”) held a press conference today in Ulaanbaatar announcing a request to suspend exploration and mining activity on certain licenses owned by SouthGobi Sands LLC, a wholly-owned division of SouthGobi Resources Ltd. The request for suspension includes the license pertaining to SouthGobi’s Ovoot Tolgoi Mine. The Company has not received any official notification and has no reason to believe SouthGobi’s licenses are not in good standing. However, the Company cautions at this time that any official notification received may require a suspension of operations until an injunction is granted. To read the full article, click hereSouthGobi Resources Ltd. – Mineral Resources Authority of Mongolia Announces Suspension of Exploration and Mining Activities on Certain Licenses

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