SouthGobi Resources Ltd.

SouthGobi Resources Ltd. is providing this corporate update further to its announcement dated March 30, 2020 as required under the terms of the Canadian Securities Administrators’ temporary blanket relief. which the Company relied on to postpone the filing of its audited consolidated financial statements for its financial year ended December 31, 2019, the accompanying Management’s Discussion and Analysis of Financial [...]

SouthGobi Resources Ltd. hereby announces that the Board of directors will consider and approve the audited financial results of the Company and its subsidiaries for the full year of 2019 on Thursday, May 14, 2020. These results will be released on May 14, 2020. Following the results announcement, the annual report of the Company for the year ended December 31, 2019 will be despatched to shareholders of the Company on May [...]

SouthGobi Resources Ltd. announces that it has agreed to a deferral of the payment obligation which is due and payable to CIC on April 19, 2020. Reference is made to the announcement of the Company dated March 19, 2020 . Capitalized terms used herein, unless otherwise defined, shall have the same meanings as those defined in the Announcement. On April 10, 2020, the Company and CIC entered into an agreement pursuant to [...]

SouthGobi Resources Ltd. announces that Mr. Shougao Wang has tendered his resignation as the Company’s Chief Executive Director , executive director, and the chairperson of the Health, Environment, Safety and Social Responsibility Committee, and ceased to be an authorised representative of the Company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange with effect from [...]

SouthGobi Resources Ltd. : SGQ, Hong Kong Stock Exchange : 1878) today announces its unaudited financial and operating results for the quarter and the year ended December 31, 2019. All figures are in U.S. dollars unless otherwise stated. For the reason set forth below under the heading “Review of Unaudited Annual Results”, the audit process for the Company’s annual results for the year ended 2019 has not been completed by [...]

SouthGobi Resources Ltd. wishes to inform the shareholders of the Company and potential investors that, based on a preliminary review of the information and operational data of the Company currently available, the Company expects to record a net loss in the range of US$13 million to US$18 million for the three months ending March 31, 2020 , as compared to a net profit of US$2.1 million for the three months ended March 31 [...]

SouthGobi Resources Ltd. announces that the board of directors will consider and approve the financial results of the Company and its subsidiaries for the fourth quarter and the full year of 2019 on Monday, March 30, 2020. These results will be released on March 30, 2020. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia [...]

SouthGobi Resources Ltd. announces the appointment of Mr. Jianmin Bao as a non-executive director of the Company , with effect from March 18, 2020. Mr. Bao was nominated for appointment as a director of the Company by China Investment Corporation pursuant to a contractual nomination right granted to CIC in connection with the convertible debenture issued by the Company in 2009. Mr. Bao, aged 52, is currently the managing [...]

SouthGobi Resources Ltd. announces that, the resignation of Mr. Wen Yao as a non-executive director of the Company, effective March 11, 2020. Mr. Yao resigned as a director of the Company due to a change to his duties and responsibilities at CIC Capital Corporation, a wholly owned subsidiary of China Investment Corporation , which is a substantial shareholder of the Company. CIC nominated Mr. Yao as a director of the [...]

SouthGobi Resources Ltd. announces the deferral of CIC payment obligation. Reference is made to the announcement of the Company dated February 19, 2020 . Capitalized terms used herein, unless otherwise defined, shall have the same meanings as those defined in the Announcement. On March 10, 2020, the Company and CIC have entered into an agreement pursuant to which CIC agreed to grant the Company a deferral of deferred cash [...]