Canadian Business / The Canadian Press: Mongolian government asks work be stopped at SouthGobi’s Ovoot Tolgoi mine

Shares in SouthGobi Resources Ltd. fell more than 10 per cent Monday after the Mongolian government asked that work be stopped at the company’s Ovoot Tolgoi mine. SouthGobi said the Mineral Resources Authority of Mongolia requested the suspension in connection with a plan by Ivanhoe Mines Ltd. to sell its controlling interest in the company to Aluminum Corporation of China Ltd. A suspension would be initiated to allow Mongolia to review the proposed change of ownership, the company said. To read the full article, click hereMongolian government asks work be stopped at SouthGobi’s Ovoot Tolgoi mine

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