SouthGobi Resources Ltd.

SouthGobi Resources Ltd. is pleased to announce the execution of a deferral agreement with Land Breeze II S.à.r.l. , a wholly-owned subsidiary of China Investment Corporation , pursuant to which CIC Subco agreed to a deferral and revised repayment schedule in respect of: US$41.8 million of outstanding cash and payment in kind interest and associated costs due and payable to CIC Subco on November 19, 2018 under the [...]

SouthGobi Resources Ltd. is pleased to announce that the board of directors has approved and adopted a dividend policy effective from March 27, 2019. According to the Dividend Policy, the Board shall consider the following factors in determining if and when dividends should be declared and paid in the future based on, amongst other things: the actual and expected financial results of the Company at the relevant time [...]

SouthGobi Resources Ltd. today announces its financial and operating results for the quarter and the year ended December 31, 2018. All figures are in U.S. dollars unless otherwise stated. Significant Events and Highlights The Company’s significant events and highlights for the year ended December 31, 2018 and the subsequent period to March 31, 2019 are as follows: Operating Results – With a higher proportion [...]

SouthGobi Resources Ltd. announces that, further to its press release dated December 15, 2018, the special committee of independent non-executive directors of the Company has concluded its formal internal investigation into the past conduct engaged in by former senior executive officers and employees of the Company which raised suspicions of serious fraud, misappropriation of Company assets and other criminals acts by the [...]

SouthGobi Resources Ltd. hereby announces that the board of directors will meet on Sunday, March 31, 2019 to consider and approve the financial results of the Company and its subsidiaries for the fourth quarter and the full year of 2018. These results will be released on March 31, 2019. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in [...]

SouthGobi Resources Ltd. announces that the board of directors will meet on Friday, March 29, 2019 to consider and approve the financial results of the Company and its subsidiaries for the fourth quarter and the full year of 2018. These results will be released on March 29, 2019. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in [...]

SouthGobi Resources Ltd. provides the following quarterly update pursuant to Rule 13.09 and Rule 13.24A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Status of internal investigation In connection with the resumption guidance provided to the Company by the Hong Kong Stock Exchange, as well as the expanded mandate of the special committee of independent non-executive directors [...]

SouthGobi Resources Ltd. announces that, further to its press release dated September 20, 2018, the Company has received notice that on January 24, 2019 the Ejinaqi People’s Court of Inner Mongolia Autonomous Region of China rendered a judgment allowing the application by Jiayuguan Xiyuan Trading Co., Ltd. to voluntarily withdraw its lawsuit against Inner Mongolia SouthGobi Energy Co., Ltd., a subsidiary of the [...]

SouthGobi Resources Ltd. announces that on January 3, 2019, the Hong Kong Stock Exchange provided the following resumption guidance for the Company, whereby the Company is to: conduct a forensic investigation of past conduct engaged in by former senior executive officers and employees of the Company which raises suspicions of serious fraud, misappropriation of Company assets and other criminals acts by the Former [...]

SouthGobi Resources Ltd. announces that the Company is in default under the convertible debenture between China Investment Corporation and the Company signed in November 2009 as a result of the Company having now been suspended from trading on the Toronto Stock Exchange , halted from trading on the Hong Kong Stock Exchange , for a period of more than 5 trading days since December 17, 2018. Trading on the TSX will remain [...]