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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