HONG KONG, CHINA--(Marketwired - Aug 16, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announces the appointment of Mr. Joseph Belan as an independent non-executive director of the Company, with effect from August 16, 2016. Mr. Belan, aged 42, is the chairman and founder of Novatrek Capital, a corporate advisory and investment firm with the primary industry focus in the industrial [...]
HONG KONG, CHINA--(Marketwired - Aug 15, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company" or "SouthGobi") today announced its financial and operating results for the three and six months ended June 30, 2016. 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, 2016 and subsequent [...]
HONG KONG, CHINA--(Marketwired - Aug 2, 2016) - The board of directors of SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company") will meet on Monday, August 15, 2016 to consider and approve the second quarter 2016 financial results of the Company and its subsidiaries. These financial results will be released on August 15, 2016. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and [...]
HONG KONG, CHINA--(Marketwired - Jul 18, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) ("SouthGobi" or the "Company") announces the execution of a deferral agreement with China Investment Corporation ("CIC"). The deferral agreement covers outstanding deferred cash interest obligations and associated costs of US$18.8 million as of today and the next Issue Date Anniversary Cash Interest payment of US$8.1 million due [...]
HONG KONG, CHINA--(Marketwired - Jun 30, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announces that Mr. Pierre Bruno Lebel, is retiring as Lead director and as an Independent non-executive director on June 30, 2016, the date originally scheduled for the Company's annual general meeting (the "AGM"). Effective upon his retirement, Mr. Lebel will cease to be a member of the Company's [...]
HONG KONG, CHINA--(Marketwired - Jun 17, 2016) - SouthGobi Resources Ltd. (TSX: SGQ)(HKSE:1878) (the "Company" or "SouthGobi") announces an update on CIC interest payments deferral. The reference is made to the Company's announcement of May 30, 2016, whereby the Company announced that it had executed a deferral agreement with China Investment Corporation ("CIC") for the deferral of approximately U.S.$18.7 million to June [...]
HONG KONG, CHINA--(Marketwired - May 31, 2016) - SouthGobi Resources Ltd. (TSX: SGQ)(HKSE:1878) (the "Company" or "SouthGobi") announces today the May 24, 2016 decision of the Ontario Superior Court of Justice ("the Court"). The Court granted SouthGobi leave to appeal the decision made on November 5, 2015, which granted the plaintiff permission to commence an action claiming damages under the Ontario Securities Act with [...]
HONG KONG, CHINA--(Marketwired - May 30, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company" or "SouthGobi") announces the execution of a deferral agreement with China Investment Corporation ("CIC") for deferral of the sum of approximately U.S.$18.7 million, representing current and deferred cash interest obligations and associated costs payable to CIC, to June 17, 2016. As consideration for the deferral [...]
HONG KONG, CHINA--(Marketwired - May 18, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") notes recent Mongolian media reports in connection with a reported settlement of a US$16.5 million residual financial penalty against its wholly owned subsidiary, SouthGobi Sands LLC, arising out of a judgment of the Mongolian Second District Criminal Court of Justice in February 2015 (the "Tax [...]
HONG KONG, CHINA--(Marketwired - May 16, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company") today announced its financial and operating results for the three months ended March 31, 2016. 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, 2016 and subsequent period up to May 16 [...]
HONG KONG, CHINA--(Marketwired - May 16, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) (the "Company" or "SouthGobi") announces update on Turquoise Hill Resources shareholder loan and short term bridge loan. Turquoise Hill Resources Ltd. shareholder loan On May 16, 2016, the Company and Turquoise Hill Resources Ltd. ("Turquoise Hill") entered into a deferral agreement ("May 2016 Deferral Agreement") for a [...]
HONG KONG, CHINA--(Marketwired - May 15, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announces the filing on SEDAR of a technical report in respect of the Company's previously announced, updated resource estimate for its Ovoot Tolgoi coal mine in Mongolia. The technical report, prepared by RungePincockMinarco (RPM), supports the scientific and technical disclosure in the Company's [...]