Mongolia-focused miner expects China's Chalco to drop takeover bid

Mongolia-focused coal miner SouthGobi Resources Ltd (SGQ.TO) (1878.HK) said on Tuesday that it expects China's state-controlled Chalco (2600.HK) to drop its $926 million takeover bid in the face of opposition from the Mongolian government.

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Deals of the day -- mergers and acquisitions

Bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies.

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