Skip to main content

SouthGobi Resources subsidiary receives court summons

Published by
World Coal,


SouthGobi Resources Ltd’s subsidiary, Inner Mongolia SouthGobi Energy Co., Ltd (IMSGE), has received a court summons from the Ejinaqi People’s Court of Inner Mongolia Autonomous Region of China dated 13 September 2018 in relation to a dispute over certain coal sales contracts with Jiayuguan Xiyuan Trading Co., Ltd., a former customer of IMSGE.

According to the summons, Xiyuan has applied to the Ejinaqi Court claiming that IMSGE should repay a sum of approximately US$2.83 million to Xiyuan, comprised of approximately US$2.78 million of coal prepayments and approximately US$43 800 dollars of interest. Xiyuan also claimed Ejinaqi Fulemeng Energy Industry Co., Ltd. for joint liability of the above sums as it was alleged as an agent for IMSGE to receive coal prepayment and deliver coal on behalf of IMSGE.

A court hearing has been scheduled on 10 October 2018 regarding this matter.

Read the article online at: https://www.worldcoal.com/special-reports/21092018/southgobi-resources-subsidiary-receives-court-summons/

You might also like

Dyno Nobel

[Webinar] Breaking new ground in mine blasting

Dyno Nobel will be discussing the latest innovations for making mine blasting more productive and less costly. Register for free today »

 

New Chair appointed for MCA

The Minerals Council of Australia (MCA) has today appointed a new Chair to lead the organisation.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

China coal news