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Last C$0.81 CAD
Change Today 0.00 / 0.00%
Volume 0.0
SGQ On Other Exchanges
Hong Kong
As of 3:59 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

southgobi resources ltd (SGQ) Snapshot

Previous Close
Day High
Day Low
52 Week High
05/11/15 - C$1.25
52 Week Low
02/3/15 - C$0.41
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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southgobi resources ltd (SGQ) Details

SouthGobi Resources Ltd. operates as an integrated coal mining, development, and exploration company. It explores for metallurgical and thermal coal deposits in Mongolia's South Gobi region to supply a range of coal products to customers in Asia. The company’s flagship project is the Ovoot Tolgoi mine that contains approximately 175.7 million tons of proven and probable surface coal reserves located in the southwest corner of the Umnugobi Aimag of Mongolia. It also owns interest in three development projects, such as the Soumber Deposit, the Zag Suuj Deposit, and the Ovoot Tolgoi Underground Deposit located in the Umnugobi Aimag of Mongolia. The company was formerly known as SouthGobi Energy Resources Ltd. and changed its name to SouthGobi Resources Ltd. in May 2010. The company was incorporated in 2002 and is headquartered in Vancouver, Canada.

348 Employees
Last Reported Date: 05/11/15
Founded in 2002

southgobi resources ltd (SGQ) Top Compensated Officers

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southgobi resources ltd (SGQ) Key Developments

SouthGobi Resources and Turquoise Hill Resources Face Notice of Claim by Alexander Molyneux

SouthGobi Resources Ltd. announced that on June 30, it was served with a notice of civil claim filed by the company's former President and Chief Executive Officer, Alexander Molyneux, in the British Columbia Supreme Court. The claim relates to alleged breaches of Molyneux's employment agreement by the company. In addition to SouthGobi, Turquoise Hill Resources Ltd., the company's large shareholder at the time of Molyneux's employment, was also named in the claim. Molyneux acted as SouthGobi's President from April 2009 and Chief Executive Officer from October 2009 until September 2012, when the company terminated his employment. Molyneux is seeking damages in excess of $1 million in his notice of claim. The company considers the action is without merit. SouthGobi said it intends to vigorously defend the action and reserves its right to pursue all legal rights and remedies available to it in connection with the proceedings.

TSX To Extend Its Review Of Eligibility Of Common Shares Of SouthGobi Resources

Further to TSX Bulletin 2015-0540 dated May 25, 2015, TSX has decided to extend its review of the eligibility of the common shares of the SouthGobi Resources Limited for continued listing for a period of 30 days.

SouthGobi Resources Limited Announces Change of Principal Place of Business in Hong Kong

The board of directors of SouthGobi Resources Ltd. announced that the principal place of business of the company in Hong Kong will be changed to Suite 3712-15, Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong with effect from June 15, 2015.


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