SouthGobi Mulls Listing on Mongolia Stock Exchange
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SouthGobi Energy Resources Ltd., the Canada-listed mining company backed by China’s sovereign wealth fund, is considering selling shares in Mongolia.
“It’s not going to be a major fund-raising measure but would be a way for local people to invest in the company,” David Bartel, vice president of SouthGobi’s mining operations in Mongolia, told an investment forum in Hong Kong today, without giving a time-table. “Our resources are in Mongolia.”