Mongolia Miner SouthGobi Resources Filing Indicates Pending Sale
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The sale of Hong Kong-listed SouthGobi Resources Ltd., a Mongolia coal miner, may be agreed by June 30, according to a filing by the company on June 3.
The term sheet has sections redacted, including the name of a third party that is “contemplating” purchase of all shares owned by Turquoise Hill Resources Ltd. Vancouver-based Turquoise Hill holds 56 percent of SouthGobi and is itself 51 percent owned by mining giant Rio Tinto Group.