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Dec 29, 10 •
2 Views •
Business, Mining •
Badrakh Batkhuyag •
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Toronto listed South Gobi Resources has increased its Mongolian coal interests by paying AUD 20 million for a 19.9% share of Australia listed Aspire Mining. Aspire owns the Ovoot coking coal project in northern Mongolia near the Russian border. A drilling...
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Jul 2, 10 •
7 Views •
News •
Badrakh Batkhuyag •
No Comments
Peabody Energy got a new partner in its Mongolian joint venture on 1st of July, as Winsway Coking Coal Holdings Ltd. exercised an option to buy out Polo Resources Ltd.’s 50% share. The three companies agreed in May to give Winsway the right to acquire...