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Last C$0.92 CAD
Change Today 0.00 / 0.00%
Volume 0.0
SGQ On Other Exchanges
Hong Kong
As of 4:10 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

southgobi resources ltd (SGQ) Snapshot

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Day High
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52 Week High
03/16/15 - C$1.15
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., together with its subsidiaries, mines, explores for, and develops metallurgical and thermal coal deposits in South Gobi region of Mongolia. The company owns interests in 3 mining licenses and 4 exploration licenses that cover an area of approximately 234,000 hectares located in Mongolia. Its flagship project includes the Ovoot Tolgoi mine, which covers a total area of 9,312.27 hectares located in the southwest corner of the Umnugobi Aimag, Mongolia. The company was formerly known as SouthGobi Energy Resources Ltd. and changed its name to SouthGobi Resources Ltd. in May 2010. The company is headquartered in Vancouver, Canada. SouthGobi Resources Ltd. operates as a subsidiary of Turquoise Hill Resources Ltd.

392 Employees
Last Reported Date: 11/10/14

southgobi resources ltd (SGQ) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $129.7K
Compensation as of Fiscal Year 2013.

southgobi resources ltd (SGQ) Key Developments

Appeal Court of Mongolia Upholds Verdict against SouthGobi Resources

SouthGobi Resources Ltd. announced on March 22, 2015, that the court hearing for the Company's appeal against the verdict issued by the Second District Criminal Court of Justice (Initial Verdict) had been set for March 25, 2015. The hearing took place on March 25, 2015 at the 10th Appeal Court for Criminal Case of Mongolia and the panel of three appointed judges decided to uphold the Initial Verdict and dismissed the appeal by the Company. The Company is awaiting at present a written version of the Appeal Court's verdict (Appeal Verdict). The Company firmly rejects the Appeal Verdict. The Company provided a detailed and methodical rebuttal on the merits of the case addressing each accusation, while also vigorously presenting to the panel of judges the grave procedural errors admitted by the Second District Criminal Court during the trial. To the Company's deepest regret, the Court of Appeal decided to ignore its arguments altogether and uphold the Initial Verdict in its entirety. It was further disappointing that the panel of judges from the Appeal Court has not provided any explanation whatsoever on the reasoning to uphold the Initial Verdict. The Company views that the Initial Verdict and subsequently the Appeal Verdict are reached on the basis of the same erroneous and false reports and it has been demonstrated that there is a complete lack of evidence to support both verdicts.

SouthGobi Resources Limited, Board Meeting, Mar 30, 2015

SouthGobi Resources Limited, Board Meeting, Mar 30, 2015. Agenda: To consider and approve the fourth quarter and full year 2014 financial results of the company and its subsidiaries.

SouthGobi Resources Limited to Report Q4, 2014 Results on Mar 30, 2015

SouthGobi Resources Limited announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Mar 30, 2015


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