chalco and sth gobi

First, it looks like a coalition again but maybe DP and other parties but not MPP. Hopefully we'll know before Naadam (July 11).

Re Chalco, the market apparently thinks the takeover will take place ...

"(Reuters) - Shares of Mongolia-focused coal miner SouthGobi Resources Ltd jumped as much as 12.5 percent on Wednesday after Chinese aluminum giant Chalco reiterated its interest in acquiring a majority stake in the coal miner.

Shares of SouthGobi rose to HK$34.20 before steadying at HK$33.80 at 0156 GMT, still up 11.2 percent in a nearly flat overall market.

Chalco and SouthGobi stakeholder Ivanhoe Resources said they would extend the time for Chalco to make a proportional takeover bid for up to 60 percent of the common shares of SouthGobi by 30 days."

The new expiry date is 3rd August. They must be confident of getting approval.