Ovoot Tolgoi Mine definition

Ovoot Tolgoi Mine means the Company’s open pit coal mine at Ovoot Tolgoi, which is comprised of the Sunrise and Sunset open pit coal mines.
Ovoot Tolgoi Mine means SouthGobi’s operating pit coal mine at Ovoot Tolgoi comprising coal resources to a depth of 300m below surface.
Ovoot Tolgoi Mine means the Company’s operating pit coal mine at Ovoot Tolgoi which is comprised of theSunrise and Sunset open pit coal mines and comprising coal resources to a depth of 300m below surface.

Examples of Ovoot Tolgoi Mine in a sentence

  • In 2011, the Company entered into an agreement with Ejin Jinda, a subsidiary of China Mongolia Coal Co. Ltd., to toll-wash coal from the Ovoot Tolgoi Mine.

  • On August 2, 2011, the State Property Committee of Mongolia awarded the tender to construct a paved highway from the Ovoot Tolgoi Mine to the Xxxxxx Khuren Border Crossing (the “Paved Highway”) to consortium partners NTB LLC and SGS (together referred to as “RDCC LLC”) with an exclusive right of ownership of the Paved Highway for 30 years.

  • Therefore, the Company conducted an impairment test whereby the carrying value of the Company’s Ovoot Tolgoi Mine cash generating unit was compared to the recoverable amount (being the “fair value less costs of disposal”) using a discounted future cash flow valuation model.

  • In the long term, the Company will continue to focus on creating and maximizing shareholders value by leveraging its key competitive strengths, including: • Strategic location – The Ovoot Tolgoi Mine is located approximately 40km from China, which represents the Company’s main coal market.

  • Mining activities remained fully curtailed for the remainder of 2012; however, operations at the Ovoot Tolgoi Mine resumed on March 22, 2013.

  • The Zag Suuj Deposit is located approximately 150km east of the Ovoot Tolgoi Mine and approximately 80km north of the Mongolia-China border.

  • The Company determined that an indicator of impairment existed for its Ovoot Tolgoi Mine cash generating unit as at December 31, 2021.

  • The Ovoot Tolgoi Mine, strategically located approximately 40km from the Shivee Khuren- Ceke crossing at the Mongolia-China border (“Shivee Khuren Border Crossing”), is the Company’s flagship asset.

  • The Ovoot Tolgoi Mine is covered by a single 9,308 hectare (“ha”) mining license and a corresponding permit to mine.

  • Operating Mine Ovoot Tolgoi Mine The Ovoot Tolgoi Mine is located in the southwest corner of the Umnugobi Aimag (South Gobi Province) of Mongolia.


More Definitions of Ovoot Tolgoi Mine

Ovoot Tolgoi Mine means the Company’s operating pit coal mine at Ovoot Tolgoi which is comprised of the

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