HONG KONG, May 14, 2018 -- SouthGobi Resources Ltd. today announces its financial and operating results for the three months ended March 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 three months ended March 31, 2018 and the subsequent period to May 14, 2018 are as follows: Operating Results – As a [...]
VANCOUVER, British Columbia, May 07, 2018 -- SouthGobi Resources Ltd. today provided an update on the status of the formal internal investigation by the special committee of independent non-executive directors of the Company into charges against Mr. Aminbuhe, a non-executive director of the Company and its former chairman and chief executive officer, and the connection, if any, between those charges and the Company. Mr [...]
VANCOUVER, British Columbia , May 02, 2018 -- SouthGobi Resources Ltd. announces that the board of directors of the Company will meet on Monday, May 14, 2018 to consider and approve the results of the Company and its subsidiaries for the first quarter of 2018. These results will be released on May 14, 2018. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot [...]
VANCOUVER, British Columbia, April 13, 2018 -- SouthGobi Resources Ltd. is pleased to announce the appointments of Mr. Zhiwei Chen and Mr. Xiaoxiao Li as non-executive directors of the Company with effect from April 13, 2018. Mr. Chen, aged 34, is currently the Assistant General Manager of China Cinda Holdings Co. Limited and the Managing Director of its investment department. Cinda HK is the intermediate holding company [...]
HONG KONG, March 28, 2018 -- SouthGobi Resources Ltd. today announces its financial and operating results for the quarter and the year ended December 31, 2017. 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, 2017 and the subsequent period to March 28, 2018 are as follows: Operating Results [...]
VANCOUVER, British Columbia, March 16, 2018 -- SouthGobi Resources Ltd. announces that the board of directors of the Company will meet on Wednesday, March 28, 2018 to consider and approve the results of the Company and its subsidiaries for the fourth quarter and the full year of 2017. These results will be released on March 28, 2018. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and [...]
VANCOUVER, Feb. 15, 2018 -- SouthGobi Resources Ltd. is pleased to announce that SouthGobi Sands LLC , the Company’s subsidiary in Mongolia, has completely fulfilled its obligations under the previously disclosed judgment of the Mongolian Second District Criminal Court rendered against SGS in January 2015. SGS has been informed by the Court Decision Implementation Agency of Capital City in Mongolia that the [...]
VANCOUVER, British Columbia, Jan. 23, 2018 -- SouthGobi Resources Ltd. announces today with effect from January 1, 2018, the registered and records office of the Company in Canada has been changed to 20th Floor – 250 Howe Street, Vancouver, British Columbia, Canada, V6C 3R8 and the principal place of business and head office of the Company in Canada have been changed to 1150 – 355 Burrard Street, Vancouver [...]
VANCOUVER, British Columbia, Jan. 11, 2018 -- SouthGobi Resources Ltd. announces the receipt on January 10, 2018 of a confidential partial award with respect to an arbitration proceeding in Hong Kong related to a dispute concerning a coal supply agreement between SouthGobi Sands LLC , a subsidiary of the Company, and First Concept Industrial Group Limited . For details of the background of this arbitration proceeding [...]
VANCOUVER, British Columbia, Nov. 23, 2017 -- SouthGobi Resources Ltd. announces today that the Board of Directors of the Company has terminated the employment of the Company’s Chief Executive Officer, Mr. Aminbuhe, due to his incapability to fulfil his daily duties and responsibilities as the Chief Executive Officer of the Company, effective immediately in accordance with the terms of his employment agreement. Mr [...]
VANCOUVER, British Columbia, Nov. 22, 2017 -- SouthGobi Resources Ltd. announces today 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 , the total cash interest payments and associated fees which were due and payable to CIC on November 19, 2017 amounted to US$17.8 million [...]
VANCOUVER, British Columbia, Nov. 17, 2017 -- SouthGobi Resources Ltd. announces that on November 16, 2017, it learned that Mr. Aminbuhe, the Chairman and Chief Executive Officer of the Company, was arrested on October 11, 2017 and is being detained at Rizhao City Detention Center in China as a suspect in a fraudulent loan case. The Board of Directors has formed a special committee of independent non-executive directors [...]