Southgobi Mining Licence Progress's Soumber Coal Deposit Officially Registers with the Mongolian Government Written by P.Shinebayar Tuesday, June 07, 2011.
SouthGobi Resources Ltd. announced today that it has been notified by the Mineral Resource Authority of Mongolia (MRAM) that Soumber coal Deposit has been officially registered. The registration process includes calculation of resources to Mongolian standards, review of the calculations by MRAM-appointed industry experts, and defense of the calculations before the Minerals Resource Committee.
Mineral deposit registration is a prerequisite for applying for a Mining License. Under the Minerals Law of Mongolia, mining licenses are issued by MRAM. The initial term for a mining license is 30 years with an option for two 20-year extensions. Having completed the resource registration step, SouthGobi intends to formally apply for the Soumber mining license in the coming weeks. The Soumber deposit is approximately 20 kilometres east of SouthGobi?s flagship Ovoot Tolgoi operation.
Russia Rail may spend $1.5 bln in Mongolia coal project Tue May 31, 2011 9:45am GMT
A consortium of investors including Russian Railways (RZhD) are ready to spend up to $1.5 billion on rail infrastructure in Mongolia if the group wins a bid for the Tavan Tolgoi coal field, RZhD said on Tuesday. RZhD head Vladimir Yakunin also told journalists that Mongolia will decide on the list of final bidders in June or July for the railway infrastructure project to ship coal from the field. Mongolia is in the process of deciding how to develop the massive Tavan Tolgoi field, which holds about 7.5 billion tonnes of coking coal. (Reporting by Alfred Kueppers)
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