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Mongolia gives formal go-ahead for mining at Ovoot Tolgoi coal site |
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Tuesday, 01 April 2008 |
 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.
In anticipation of approval
for mining, SouthGobi began work in January clearing the site, stockpiling
topsoil, as well as providing drainage control and road construction.
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