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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED


Press Release
– SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining Limited (“Aspire”) (ASX: AKM) announced on October 26, 2010. Pursuant to the private placement, SouthGobi has acquired 105,860,186  common shares of Aspire at a price of A$0.19 per share, for an aggregate purchase price of approximately A$ 20.1 million.

After giving effect to the transaction, SouthGobi holds approximately 19.9% of Aspire. SouthGobi will have the right to nominate one director to the Board of Aspire and the right to maintain its proportionate shareholding in Aspire for a period of two years.

The closing price of Aspire on the ASX on December 23 was A$0.485.

Aspire is a ASX listed coal exploration company focused on advancing the Ovoot Coking Coal Project in Mongolia along with the Nurant and Shanagan Coal Projects.

For more details about SouthGobi Resources, please click here.



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Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
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Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
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Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
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Wednesday, 29 December 10
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Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...


Monday, 27 December 10
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As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...


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