Mongolia gives formal go-ahead for mining at Ovoot Tolgoi coal site |
SouthGobi Energy Resources Ltd. announced Monday that it has received final government authorization to begin mining at the company’s Ovoot Tolgoi coal site. SouthGobi Energy Resources Ltd. announced Monday that it has received final government authorization to begin mining at the company’s Ovoot Tolgoi coal site. "We are very pleased that we now have received all the required permits to allow us to commence open-pit coal mining operations at Ovoot Tolgoi," Gene Wusaty, Chief Operating Officer of SouthGobi Energy said. "Coal sales contracts and transportation arrangements are being finalized. We are on track to begin deliveries to customers early in the third quarter of this year." Ovoot Tolgoi is located 45 kilometers north of Mongolia’s border with China. In anticipation of large coal imports from Ovoot Tolgoi, China built a railway line to the nearby Ceke border point last year.
Mongolia has announced plans to turn Ceke Point into a full-time border crossing to allow for daily exports of Ovoot Tolgoi coal. mongolia-web.com |
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Canada to open trade office in Ulaanbaatar |
Canada will open a permanent trade office in Mongolia to assist local Canadian businesses. Canadian firms have a reported $395 million in investments, including operating more than 20 mines. Canada is also Mongolia’s second largest investor. |