SouthGobi Resources (TSE:SGQ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
SouthGobi Resources has announced that its subsidiary, Southgobi Sands LLC, has entered a Build-Operate-Transfer agreement with Tangshan Shenzhou to construct and manage a new dry coal separation system at its Ovoot Tolgoi Mine, with the deal valued at roughly USD $10.9 million. Set to run from July 2024 to October 2029, the agreement positions SouthGobi for enhanced coal processing capabilities in Mongolia.
For further insights into TSE:SGQ stock, check out TipRanks’ Stock Analysis page.
