SouthGobi Resources Awards Construction Contract For Coal Separation Build in Mongolia
MT Newswires Live
Apr 28
SouthGobi Resources (HKG:1878) awarded 53.8 million yuan contract to Tangshan Shenzhou Manufacturing Group for the construction of a new dry coal separation system at its mine in Mongolia, according to a Hong Kong bourse filing Monday.
Shares of the coal miner gained nearly 6% in late morning trade Tuesday.
The dry coal separate system will be a stand-alone plant at the Ovoot Tolgoi mine and will not form part of the company's existing dry processing plants, SouthGobi said.
Construction will last for three months.
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