SouthGobi Resources Ltd. (SouthGobi) is an integrated coal mining, development and exploration company. The Company owns coal projects in Mongolia, which includes the Ovoot Tolgoi open pit producing coal mine (Ovoot Tolgoi Mine) and three development projects, the Soumber Deposit, the Zag Suuj Deposit and the Ovoot Tolgoi Underground Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, within 150 kilometers of each other and in close proximity to the Mongolia-China border. The Soumber Deposit comprising the Central Soumber, East Soumber, Biluut, South Biluut and Jargalant Fields. As at March 1, 2012, in Mongolian coal division, the Company held three mining licenses and eight exploration licenses, which in total cover an area of approximately 418,000 hectares. As at December 31, 2011, SouthGobi owned 19.9% of Aspire Mining Limited (Aspire). As at March 19, 2012, Ivanhoe Mines Ltd. directly owned 58% of interest in SouthGobi.