SouthGobi Resources Ltd. announces that, the resignation of Mr. Wen Yao as a non-executive director of the Company, effective March 11, 2020. Mr. Yao resigned as a director of the Company due to a change to his duties and responsibilities at CIC Capital Corporation, a wholly owned subsidiary of China Investment Corporation , which is a substantial [...]
SouthGobi Resources Ltd. announces the deferral of CIC payment obligation. Reference is made to the announcement of the Company dated February 19, 2020 . Capitalized terms used herein, unless otherwise defined, shall have the same meanings as those defined in the Announcement. On March 10, 2020, the Company and CIC have entered into an agreement [...]
SouthGobi Resources Ltd. announces the following updates: Reference is made to the announcement dated February 19, 2020 related to the closure of Mongolia’s southern border crossings with China from February 11, 2020. The Company learns that the Mongolian State Emergency Commission has decided to open the border crossings and resume the coal [...]
SouthGobi Resources Ltd. announces the following updates: Update of CIC payment obligations On February 19, 2020, the Company and China Investment Corporation entered into an agreement pursuant to which CIC agreed to grant the Company a deferral of: deferred cash interest and deferral fees of $1.3 million and $2.0 million which were due and payable [...]
SouthGobi Resources Ltd. announces that PricewaterhouseCoopers LLP has resigned as the auditor of the Company with effect from November 13, 2019, due to the new requirement of the recognition of overseas auditors under the Hong Kong’s Financial Reporting Council Ordinance . The board of directors of the Company , with the recommendation from [...]
SouthGobi Resources Ltd. : SGQ, Hong Kong Stock Exchange : 1878) today announces its financial and operating results for the three and nine months ended September 30, 2019. 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 [...]
SouthGobi Resources Ltd. announces that its board of directors will approve the financial results of the Company and its subsidiaries for the third quarter of 2019 on Wednesday, November 13, 2019. These results will be released on November 13, 2019. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates [...]
SouthGobi Resources Ltd. announces that SouthGobi Sands LLC , the wholly-owned Mongolian operating subsidiary of the Company, received a letter on August 26, 2019 from the Mineral Resources and Petroleum Authority of Mongolia notifying that the Company’s three mining licenses for the Soumber Deposit have been terminated by the Head of [...]
SouthGobi Resources Ltd. : SGQ, Hong Kong Stock Exchange : 1878) today announces its financial and operating results for the three and six months ended June 30, 2019. 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 [...]
SouthGobi Resources Ltd. announces that its board of directors will approve the financial results of the Company and its subsidiaries for the second quarter of 2019 on Tuesday, August 13, 2019. These results will be released on August 13, 2019. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its [...]
SouthGobi Resources Ltd. is pleased to announce that a majority of the Company’s disinterested shareholders voted in favour of a shareholder resolution authorizing and approving the deferral agreement between Land Breeze II S.à.r.l. , a wholly-owned subsidiary of China Investment Corporation, the Company and certain of its subsidiaries [...]
SouthGobi Resources Ltd. announces that the voting results of the annual and special meeting of shareholders of the Company held in Vancouver, Canada on May 30, 2019. The Company is also pleased to announce that the board of directors of the Company has re-designated Mr. Mao Sun, currently Interim Independent Lead Director, as Lead Director [...]