Nippon Steel president says suing US government is an option
Nikkei business daily had reported that Nippon Steel will challenge Joe Biden's order to block its acquisition of US Steel.
Coal miner SouthGobi Resources (TSX: SGQ; HK: 1878) announced Monday its first quarter results for 2013.
Its coal sales volumes declined to 0.08 million tonnes and revenue to $3.3 million compared to the same period the year before when it was .84 million tonnes and $40.2 million respectively.
At its flagship Ovoot Tolgoi mine in southern Mongolia, operations resumed in March and the company forecasts production of 2.3 million tonnes of semi-soft coking coal this year.
From its combined Soumber and Zag Suuj deposits, the company updated its measured resource estimate to 533 million tonnes, an 8% increase, and inferred resources to 302 million tonnes, a 24% increase.
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