Turquoise Hill Resources to sell 29.95% of coal miner SouthGobi

A subsidiary of diversified miner Rio Tinto, Turquoise Hill Resources this week said it would sell 29.95% of Mongolia-focused coal miner SouthGobi Resources to Hong Kong-based National United Resources Holdings. National United will buy 56.1-million shares at a price of C$0.455 a share, leaving Turquoise Hill with a 26% interest in SouthGobi after the deal has closed.