Creamer Media’s Mining Weekly / Reuters: SouthGobi says Mongolia suspends some licences

SouthGobi Resources said the Mongolian government suspended exploration and mining licences for its Ovoot Tolgoi coal mine following a stake buyout bid by Chinese aluminum giant Chalco. The Canadian coal miner said it has not received any official notification. However, if it receives one, it may need to suspend operations until an injunction is granted, the company said. Earlier this month, Aluminium Corp of China, known as Chalco, said it would buy Ivanhoe Mines’ SouthGobi stake. To read the full article, click hereSouthGobi says Mongolia suspends some licences

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