SouthGobi Flags Mongolian Ownership Limits on Strategic Coal Assets
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SouthGobi Resources has announced that its Mongolian mining licenses, including the Ovoot Tolgoi Mine and Soumber Deposit, are subject to ownership limits due to their classification as Mineral Deposits of Strategic Importance. If any shareholder exceeds 34% ownership, it may breach Mongolian law, risking government intervention. Currently, shareholdings are below this threshold, but ongoing negotiations with the Mongolian government highlight regulatory risks for investors. SouthGobi Resources operates primarily in Mongolia and is listed on the Hong Kong and TSX Venture Exchanges.
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