SouthGobi to Add New Dry Coal Separation Plant at Ovoot Tolgoi Mine
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SouthGobi Resources has announced a build-transfer agreement with Tangshan Shenzhou Manufacturing Group to construct a new dry coal separation plant at the Ovoot Tolgoi Mine in Mongolia. Valued at approximately RMB53.8 million, the project aims to enhance processing capacity and technology, potentially improving coal product quality and operational efficiency. This investment is classified as a discloseable transaction under Hong Kong listing rules, indicating its material nature without requiring director abstentions. Payments are expected to be completed by April 2031.
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