Entree Gold hammered after permit near Oyu Tolgoi cancelled

By Frik Els

Vancouver’s Entrée Gold (TSX:ETG) fell on Tuesday after Mongolian authorities pulled the company’s mining licence near Oyu Tolgoi, Rio Tinto’s massive copper-gold project in the Asian nation.

Bloomberg reports Mongolia’s mining ministry in 2009 upgraded Entrée Gold’s exploration permits to mining licenses, but according to the country’s regulations only the …read more
Source: Mining.com- Gold News