Reuters: SouthGobi says license worries cloud price, sales forecast

The Canadian miner has been facing uncertainties over its licenses and its proposed takeover by Chinese aluminum giant Chalco. The Mineral Resources Authority of Mongolia in April requested suspension of exploration and mining activity on certain licenses but the company has not received any official notification so far, SouthGobi said. “Many government bodies and regulatory authorities in Mongolia are reluctant to provide approvals and permits due to the uncertain position,” the company said in a statement. To read the full article, click hereSouthGobi says license worries cloud price, sales forecast

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