SouthGobi Resources Ltd.

SouthGobi Resources Ltd. today announces that pursuant to the convertible debenture between China Investment Corporation and the Company signed in November 2009 and the deferral agreement between CIC and the Company executed on June 12, 2017 , total interest payments and associated fees which were due and payable to CIC on November 19, 2018 amounted to US$41.8 million . The Outstanding Interest Payable consists of: cash [...]

SouthGobi Resources Ltd. is pleased to announce the execution of a deed of settlement by SouthGobi Sands LLC , a subsidiary of the Company, and First Concept Industrial Group Limited . The Settlement Deed provides for the full and final satisfaction of the confidential partial award received by SGS on January 10, 2018 with respect to an arbitration proceeding in Hong Kong relating to a dispute concerning a coal supply [...]

SouthGobi Resources Ltd. today announces its financial and operating results for the three and nine months ended September 30, 2018. All figures are in U.S. dollars unless otherwise stated. Significant Events and Highlights The Company’s significant events and highlights for the three months ended September 30, 2018 and the subsequent period up to November 13, 2018 are as follows: Operating Results – As a [...]

SouthGobi Resources Ltd. announces that its board of directors will meet on Tuesday, November 13, 2018 to consider and approve the results of the Company and its subsidiaries for the third quarter of 2018. These results will be released on November 13, 2018. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the [...]

SouthGobi Resources Ltd. - The Company announces that Inner Mongolia SouthGobi Energy Co., Ltd. , a subsidiary of the Company, has received a court summons from the Ejinaqi People’s Court of Inner Mongolia Autonomous Region of China dated September 13, 2018 in relation to a dispute over certain coal sales contracts with Jiayuguan Xiyuan Trading Co., Ltd. , a former customer of IMSGE. According to the Summons, Xiyuan [...]

SouthGobi Resources Ltd. today announces its financial and operating results for the three and six months ended June 30, 2018. All figures are in U.S. dollars unless otherwise stated. Significant Events and Highlights The Company’s significant events and highlights for the three months ended June 30, 2018 and the subsequent period up to August 14, 2018 are as follows: Operating Results – As a result of [...]

VANCOUVER, British Columbia, July 03, 2018 -- SouthGobi Resources Ltd. is pleased to announce the appointments of Mr. Shougao Wang, the Company’s chief executive officer, as an executive director and Mr. Tao Zhang as a vice president, with effect from July 3, 2018. Appointment of executive director Mr. Shougao Wang , aged 51, the Company’s chief executive officer, has been appointed by the board of directors [...]

VANCOUVER, British Columbia, June 29, 2018 -- SouthGobi Resources Ltd. is pleased to announce the voting results of the annual general meeting of the shareholders of the Company held in Vancouver, Canada on June 28, 2018 , including the election of Ms. Lan Cheng as a non-executive director. The majority of the Shareholders voted in favour of all resolutions at the AGM as set out in the Company’s Management Proxy [...]

VANCOUVER, British Columbia, June 05, 2018 -- SouthGobi Resources Ltd. referred to the announcement of SouthGobi Resources Ltd. dated June 1, 2018 with respect to the management change of the Company. Mr. Yulan Guo, a former executive director and chief financial officer of the Company, left the management team of the Company with effect from June 1, 2018, and he was re-designated as the non-executive director of the [...]

VANCOUVER, British Columbia, June 01, 2018 -- SouthGobi Resources Ltd. is pleased to announce the appointment, effective today, of Mr. Shougao Wang as Chief Executive Officer, Mr. Weiguo Zhang as Chief Financial Officer, and Mr. Aiming Guo as Chief Operating Officer. Mr. Wang, age 51, is a seasoned mining professional, having accumulated over 30 years of project management and operational experience and has worked on a [...]