Ltd, a wholly owned subsidiary of SouthGobi that owns SouthGobi's Mongolian operating subsidiary SouthGobi Sands LLC (SGS), had filed a Notice of Investment Dispute with the Mongolian Government pursuant to the Bilateral Investment Treaty (BIT) between Mongolia and Singapore. The filing consisted of, but was not limited to, the failure by MRAM to execute pre-mining agreements (PMA's) associated with certain exploration licenses held by SGS pursuant to which valid PMA applications had been lodged in 2011. The Notice of Investment Dispute triggers the dispute resolution process under the BIT whereby the Mongolian Government has a six month cure period to resolve the dispute through negotiations. IVANHOE AUSTRALIA (59% owned) Ivanhoe Australia commenced copper and gold production in late February 2012 at the Osborne processing complex in northwestern Queensland.