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SouthGobi Resources Ltd (SGQRF.PK)

SGQRF.PK on OTC Markets Group - US Other OTC and Grey Market

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Latest Key Developments (Source: Significant Developments)

Southgobi Announces Full Settlement Of Tax Verdict In Mongolia
Thursday, 15 Feb 2018 08:40am EST 

Feb 15 (Reuters) - Southgobi Resources Ltd ::SOUTHGOBI ANNOUNCES FULL SETTLEMENT OF TAX VERDICT IN MONGOLIA.SOUTHGOBI RESOURCES - ‍SOUTHGOBI SANDS COMPLETELY FULFILLED OBLIGATIONS UNDER JUDGMENT OF MONGOLIAN SECOND DISTRICT CRIMINAL COURT RENDERED IN JAN 2015​.  Full Article

Southgobi Resources ‍Updates On Hong Kong Arbitration Proceeding​
Thursday, 11 Jan 2018 08:03am EST 

Jan 11 (Reuters) - Southgobi Resources Ltd ::‍UPDATES ON HONG KONG ARBITRATION PROCEEDING​.SOUTH GOBI SANDS LLC (SGS) HAS BEEN ORDERED TO REPAY SUM OF US$11.5 MILLION TO FIRST CONCEPT WITH ACCRUED INTEREST.  Full Article

Southgobi Resources says ‍terminated employment of Aminbuhe as CEO​
Wednesday, 22 Nov 2017 11:24pm EST 

Nov 23 (Reuters) - Southgobi Resources Ltd :Terminated employment of CEO Aminbuhe​.Aminbuhe also removed as chairman; Bing Wang to continue in interim​ CEO role.  Full Article

Southgobi Resources qtrly loss per share $0.04
Tuesday, 14 Nov 2017 08:47pm EST 

Nov 14 (Reuters) - Southgobi Resources Ltd -:QTRLY LOSS PER SHARE $0.04 ​.Q3 REVENUE $19.4 MILLION VERSUS $16.4 MILLION.SOUTHGOBI - ‍HAS ENTERED INTO AGREEMENT FOR FINANCE LEASE ON NEW WASH PLANT FACILITY BUT WILL NEED FINANCING TO COMPLETE THERMAL COAL PROCESSING ​.‍NO GUARANTEE THAT COMPANY WILL BE ABLE TO SUCCESSFULLY SECURE ADDITIONAL SOURCES OF FINANCING​.‍SEVERAL ADVERSE CONDITIONS AND MATERIAL UNCERTAINTIES CAST SIGNIFICANT DOUBT UPON GOING CONCERN ASSUMPTION​.SOUTHGOBI - ‍UNLESS COMPANY ACQUIRES ADDITIONAL SOURCES OF FINANCING AND/OR FUNDING IN SHORT TERM, ABILITY TO CONTINUE AS GOING CONCERN IS THREATENED​.  Full Article

SouthGobi Resources says ‍Bing Wang appointed as interim CEO
Monday, 13 Nov 2017 07:42pm EST 

Nov 13 (Reuters) - SouthGobi Resources Ltd :Appointment of interim chief executive officer.SouthGobi Resources - ‍Aminbuhe, chief executive officer, has commenced a leave from his role as chief executive officer, effective November 13, 2017​.SouthGobi Resources Ltd says ‍Bing Wang has been appointed as interim chief executive officer on a temporary basis while Aminbuhe is away on leave​.  Full Article

Southgobi Resources appoints Bing Wang as interim CEO
Monday, 13 Nov 2017 06:07pm EST 

Nov 14 (Reuters) - Southgobi Resources Ltd ::Appoints Bing Wang as interim CEO.  Full Article

SouthGobi to develop Ceke Logistics Park Project
Tuesday, 10 Oct 2017 09:11am EDT 

Oct 10 (Reuters) - SouthGobi Resources Ltd :SouthGobi announces development of Ceke Logistics Park Project.SouthGobi Resources - agreement with Beijing De Rong Tai investment related to development of Ceke Port eco-friendly bonded logistics park project​.SouthGobi Resources Ltd - ‍as per investment agreement, BDRT agreed to invest RMB 231 million in instalments by July 30, 2018.Southgobi Resources Ltd - BDRT to invest the RMB 231 million in return for a 30 pct interest in Inner Mongolia SouthGobi Energy Ltd​.  Full Article

Southgobi provides an update on the Ontario class action
Friday, 22 Sep 2017 12:04pm EDT 

Sept 22 (Reuters) - Southgobi Resources Ltd ::Southgobi provides an update on the Ontario class action.Court's decision on Sept 18 dismissed Co's appeal of original court decision to permit plaintiff to commence class action against Co.Company intends to seek leave to appeal to Supreme Court of Canada​.As result of court decision, plaintiff is permitted to proceed with class action against co, former officers, directors of co.  Full Article

Southgobi announces equipment purchase loan
Thursday, 31 Aug 2017 07:50am EDT 

Aug 31 (Reuters) - Southgobi Resources Ltd :Southgobi announces equipment purchase loan.Southgobi Resources - ‍entered loan agreement on July 6, supplementary loan agreement on August 31, with Beijing Jin Rui Tian Chen Asset Management Co.Southgobi Resources Ltd- key terms of equipment purchase loan include principal RMB 69 million.Southgobi-Co to provide corporate guarantee to cover principal, interest owed, provide mining equipment with value no less than RMB 69 million as security​.Southgobi Resources Ltd- loan for purpose of financing purchase of mining equipment.Southgobi Resources Ltd - ‍key terms of equipment purchase loan include maturity 12 months from drawdown​.  Full Article

Southgobi Resources announces qtrly loss per share $0.03
Monday, 14 Aug 2017 07:50am EDT 

Aug 14 (Reuters) - Southgobi Resources Ltd :Southgobi Resources announces second quarter 2017 financial and operating results.Q2 revenue $34.7 million versus $10.4 million.Southgobi Resources Ltd - ‍Company sold 1.48 million tonnes of coal product during Q2 of 2017 as compared to 0.82 million tonnes for Q2 of 2016​.Qtrly loss per share $0.03.Southgobi - ‍Initiated plan to change existing product mix to "higher value", "higher margin" outputs by washing certain grades of coal from H2 2017​.Southgobi Resources Ltd - ‍In light of reconstitution of board and appointment of new directors, co's strategic advisory board was dissolved on June 30​.Southgobi -‍ Has entered into agreement for finance lease on new wash plant facility but will need financing to complete thermal coal processing facilities​.  Full Article