The Wall Street Journal: SouthGobi’s Mongolia Woes Worsen

SouthGobi Resources Ltd. shares were taking a beating Tuesday morning after the company said uncertainty over Mongolia’s mining laws is stalling work at its flagship Ovoot Tolgoi Mine. The miner said in a statement Tuesday that work at the mine would be “entirely curtailed” at the end of the second quarter, partially because it can’t get government permission to revise an environmental impact assessment for a dry coal handling facility, without which the company said it can’t process coal for transport to market. SouthGobi shares slid 5% in Hong Kong. To read the full article, click hereSouthGobi’s Mongolia Woes Worsen

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