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SouthGobi Energy Resources preparing first coal shipment to China |
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Tuesday, 19 August 2008 |
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Ivanhoe Mines Ltd. announced
Thursday that its South Gobi Resources is preparing its first shipment
of high grade coal to China.SouthGobi Energy Resources
is 79 percent owned by Ivanhoe Mines. The coal is being mined at the
Ovoot Tolgoi open-pit mine. "We have seen SouthGobi
Energy Resources, our 79%-owned subsidiary, become the newest coal producer
in Mongolia and report impressive, ongoing exploration success,
greatly increasing its high quality coal resources, as it prepares to
make its first export shipments to buyersin China," Executive Chairman
Robert Friedland said.
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