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SouthGobi Energy Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia's South Gobi Region to supply a wide range of coal products and electricity to markets in Mongolia and China.
Ovoot Tolgoi is the company's flagship coal mine development project. SouthGobi has been issued a Permit to Mine and commenced open-pit coal production in April 2008 and now operates on a 24-hour-per-day basis. Ovoot Tolgoi is located in southern Mongolia, next to the existing MAK/Qinhua coal mine, approximately 45 kilometres north of the Mongolia/China border
SouthGobi also is exploring and developing the Mamahak coal project in Indonesia. The Mamahak project is ideally located to supply the Japanese, Korean, Indian and Chinese coastal markets, and complements SouthGobi's established strategic advantage in Mongolia.
Ivanhoe Mines, the parent company of SouthGobi Energy Resources, announced a strategic partnership in October 2006 with Rio Tinto plc, based in London, England, and Melbourne, Australia, to develop Ivanhoe's world-class Oyu Tolgoi copper-gold deposit in southern Mongolia, 80 kilometres north of the Mongolia-China border .
The Metals division is focused on the exploration for copper and gold in Mongolia and Indonesia. In 2005 SouthGobi Energy Resources discovered the Khongor porphyry copper-gold prospect in the Gobi region of southern Mongolia. Drilling on this discovery continued in 2006, with very encouraging results. The company also has optioned copper-gold prospects in Indonesia.
The Mongolian Government's Mineral Resources and Petroleum Authority has named SouthGobi Sands LLC, a wholly-owned subsidiary of SouthGobi Energy Resources, Mongolia's "Best Exploration Company of 2007."
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