HONG KONG, CHINA -- (Marketwire) -- 04/24/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) ("SouthGobi" or "the Company") announced today that the expected closing date of the sale of the Tsagaan Tolgoi Deposit to Modun Resources Limited (ASX: MOU) ("Modun") is extended to be on or before December 31, 2012. On April 16, 2012 SouthGobi announced the Mineral Resource Authority of Mongolia requested suspension of [...]
HONG KONG, CHINA -- (Marketwire) -- 04/20/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) ("SouthGobi") disclosed that Deloitte & Touche LLP ("Deloitte") had resigned from their position as Auditor of SouthGobi effective April 2, 2012 and were replaced by PricewaterhouseCoopers LLP. SouthGobi has noted some speculation and confusion regarding the announcement and provides some clarification.
HONG KONG, CHINA -- (Marketwire) -- 04/18/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) today announced the resignation of director John Macken. Mr. Macken has been a member of the board since June 2007. "We thank Mr. Macken for his guidance and service throughout the formative years of the Company," said Mr. Peter Meredith, Chairman of the Board.
HONG KONG, CHINA -- (Marketwire) -- 04/16/12 -- SouthGobi Resources Ltd. ("SouthGobi") (TSX: SGQ)(HK: 1878) announced today that the Mineral Resources Authority of Mongolia ("MRAM") held a press conference today in Ulaanbaatar announcing a request to suspend exploration and mining activity on certain licenses owned by SouthGobi Sands LLC, a wholly-owned division of SouthGobi Resources Ltd.
SouthGobi announced today that it has entered into a Cooperation Agreement with Aluminum Corporation of China, and further announces that it has received notice that CHALCO intends to make a proportional take-over bid for up to 60% of the issued and outstanding common shares of SouthGobi. SouthGobi has been informed that CHALCO intends to make a take-over bid for up to 60% of the issued and outstanding common shares of [...]
Updated NI 43-101 compliant coal Resources and Reserves for Ovoot Tolgoi Complex in Mongolia - Measured plus Indicated Resources increase by 14% to 302.3 million tonnes and Inferred Resources are 86 million tonnes, Proven and Probable Reserves increase by 65% to 175.7 million tonnes
Updated NI 43-101 compliant coal Resource for Soumber Deposit - Measured plus Indicated Resources increase by 124% to 137.3 million tonnes
HONG KONG, CHINA -- (Marketwire) -- 03/19/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878), (the "Company" or "SouthGobi") today announced its financial and operating results for the quarter and year ended December 31, 2011. All figures are in US dollars unless otherwise stated.
HONG KONG, CHINA -- (Marketwire) -- 03/14/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) SouthGobi notes its share price fell by 9.9% and 7.6% in Toronto and Hong Kong respectively on 12 March 2012, with trading volumes substantially above recent averages. The Company believes the activity is associated with the announcement by Standard & Poor's Canadian Index Operations after the close of trading on 9 March 2012
Standard & Poor's Canadian Index Operations announces the following index changes as a result of the Quarterly S&P/TSX Composite Index Review. These changes will be effective at the open on Monday, March 19, 2012:
Conference Call to Discuss ResultsHONG KONG, CHINA -- (Marketwire) -- 03/07/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) will release its fourth quarter and fiscal 2011 financial results before TSX market open on Monday, March 19, 2012.
HONG KONG, CHINA -- (Marketwire) -- 03/05/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Resources Limited (ASX: MOU) ('Modun').
HONG KONG, CHINA -- (Marketwire) -- 02/13/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) announced today the successful commissioning and startup of the dry coal-handling facility ('DCHF') at its Ovoot Tolgoi coal mine in southern Mongolia.