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SGQ trading -1.25% to C$7.13 at time of writing. 1878 closed +0.27% to HK$54.80 before announcement
SouthGobi Resources Successfully Commissions Dry Coal Handling Facility at Its Ovoot Tolgoi Mine in Southern Mongolia
HONG KONG, CHINA--(Marketwire - Feb. 13, 2012) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) announced today the successful commissioning and startup of the dry coal-handling facility ("DCHF") at its Ovoot Tolgoi coal mine in southern Mongolia.
The DCHF has a capacity to process nine million tonnes of run-of-mine ("ROM") coal per year. The facility includes a 300-tonne-capacity dump hopper, which will receive ROM coal to feed a rotary breaker and screens that will size coal to a maximum of 50 millimetres and reject oversize ash.
"The new dry coal-handling facility will improve the quality of our coal and enable us to achieve better product consistency," said President and CEO, Alexander Molyneux. "It represents the first step towards more integrated processing at Ovoot Tolgoi, which will create more value than mining and selling raw coal."
The DCHF will be upgraded during 2012 to include dry air separation, as well as covered load-out conveyors with fan stackers to transfer processed coals to stockpiles that will enable blending.
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