SouthGobi Rejects Mongolia Tax Evasion Ruling After Appeal Fails
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Canada’s SouthGobi Resources Ltd. said it will continue its legal defense after losing its appeal to overturn a ruling that it evaded taxes in Mongolia.
The company rejects the verdict and will “defend itself through all available legal means” including the possibility of a second appeal, the Vancouver-based coal miner said in a statement Wednesday, following a one-day trial in Mongolia’s capital.