Following the recent approval of its Feasibility Study by the Mineral Resources Authority of Mongolia
, Sharyn Gol has now received all government approvals necessary to launch operations at Shaazgait.
The Notice of Investment Dispute consists of, but is not limited to, the failure by the Mineral Resources Authority of Mongolia
to execute the pre-mining agreements associated with certain exploration licenses of the SGS pursuant to which valid PMA applications had been lodged in 2011.
In July 2009 the Mineral Resources Authority of Mongolia
(MRAM) also suspended the CAUC mining license, claiming the firm had violated Mongolian law by not fully declaring its resources.
Last week, while Chalco proposed to purchase about 60% of SouthGobi Resources, Mineral Resources Authority of Mongolia
(MRAM) requested the suspension of projects on SouthGobi's certain licenses, including its flagship Ovoot Tolgoi mine.