-- SouthGobi Resources (HKG:1878) awarded 53.8 million yuan contract to Tangshan Shenzhou Manufacturing Group for the construction of a new dry coal separation system at its mine in Mongolia, according to a Hong Kong bourse filing Monday.
Shares of the coal miner gained nearly 6% in late morning trade Tuesday.
The dry coal separate system will be a stand-alone plant at the Ovoot Tolgoi mine and will not form part of the company's existing dry processing plants, SouthGobi said.
Construction will last for three months.