SouthGobi Resources
Minerals & Mining · China · 501-1,000 Employees
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Overview
Headquarters
Unit 1208-10 Tower 1 193 Grand Century M...Phone Number
+852 21561438Website
www.southgobi.comRevenue
$407.2 MillionStock Symbol
SGQIndustry
ZI Rank: 3
Signal Type
Feb
Mar
Apr
May
Jun
Jul
ZI Rank
1
2
2
1
1
3
About SouthGobi Resources
SouthGobi Resources is a coal mining company listed on the Hong Kong Stock Exchange and Toronto Stock Exchange. The company's primary asset is a coal mine and development projects of coal assets in Mongolia. A proposed acquisition of the company by a Chinese state owned mining firm in 2012 was thwarted by resource nationalism in Mongolia. The blocked deal led to a chain of events that negatively affected the Mongolian economy for the rest of the decade. Quickly in response to the announced deal, Mongolia passed an investment review law in Mongolia (shortly repealed after enactment) that while only briefly in force stunted for years foreign investor confidence in the country, which had been a darling in emerging markets investment circles before 2012. After the blocked deal, SouthGobi would itself face an equally dramatic fall from grace as the Mongolian economy. By 2015, the company lost 98% of its once sky high $3 billion Canadian dollar market capitalization that had peaked in 2012.Explore more
SouthGobi Resources Org Chart
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Revenue
Number of Employees
Type
Funding
Founded In
$18.5M
51-200
Private
-
1988
Company Profile Activity
Activity Insights
SouthGobi Resources is experiencing very low activity levels compared to other companies in the Minerals & Mining sector.
What does this means?
SouthGobi Resources is drawing exceptional interest within the Minerals & Mining industry, suggesting notable developments or strong market momentum, learn more about SouthGobi Resources.
SouthGobi Resources financials insights
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2017
Debt
$10.5M
SouthGobi Resources Tech Stack
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SouthGobi Resources News & Media
Plaintiff Reaches Settlement in SouthGobi Securities Class Action - Yahoo Finance
The Court-appointed representatives of a class of former shareholders of SouthGobi Resources Ltd. ("SouthGobi") have reached a settlement of the class action commenced following SouthGobi's November 2013 restatement of its financial statements.SouthGobi Announces Redesignation of Director and Change of Chief ... - InvestorsObserver
VANCOUVER, BC / ACCESSWIRE / May 15, 2023 / SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) (" SouthGobi " or the " Company ") announces the redesignation of director and change of chief executive officer. REDESIGNATION OF DIRECTOR AND REMOVAL OF CHIE...SouthGobi Announces Redesignation of Director and Change of Chief Executive Officer
VANCOUVER, BC / ACCESSWIRE / May 15, 2023 / SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) ("SouthGobi" or the "Company") announces the redesignation of director and change of chief executive officer. REDESIGNATION OF DIRECTOR AND REMOVAL OF CHIEF EXECUTIVE OFFICER SouthGobi Resources Ltd. (the "Company") announces that Mr. Dong Wang ("Mr. Wang") has been removed as the Company's chief executive officer (the "CEO") and authorized representative
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SouthGobi Resources is a coal mining company listed on the Hong Kong Stock Exchange and Toronto Stock Exchange. The company's primary asset is a coal mine and development projects of coal assets in Mongolia. A proposed acquisition of the company by a Chinese state owned mining firm in 2012 was thwarted by resource nationalism in Mongolia. The block... Read More
