SouthGobi Resources (TSE:SGQ) has released an update.
SouthGobi Resources has announced that its subsidiary, Southgobi Sands LLC, has entered a Build-Operate-Transfer agreement with Tangshan Shenzhou to construct and manage a new dry coal separation system at its Ovoot Tolgoi Mine, with the deal valued at roughly USD $10.9 million. Set to run from July 2024 to October 2029, the agreement positions SouthGobi for enhanced coal processing capabilities in Mongolia.
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