In the last two months Prophecy Coal Corp has entered into binding coal sales contracts with a number of buyers which will involve the sale of more than 30,000 tonnes of coal per month from the company’s Ulaan Ovoo mine in northern Mongolia.
SouthGobi Resources has appointed Bold Baatar as a non-executive director. Mr Baatar, 40, currently serves as president, international operations of Rio Tinto Copper group.
Xanadu Mines has commenced the second phase of exploration at its Oyut Ulaan Copper-Gold Porphyry Project in the South Gobi region. The program includes around 1500 metres of diamond core drilling, 350 line kilometres of ground magnetics and 1000 metres of trenching.
Glass Earth Gold has announced an NI 43-101 compliant mineral resource estimate for the Wharekirauponga (WKP) Gold Project of 1.3 million inferred tonnes @ 6.2 grams/tonne gold and 9.3 grams/tonne silver for 260,000 gold ounces and 390,000 silver ounces.