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  1. Business - China Business - RESOURCES

    Chalco tipped to drop SouthGobi takeover

    Posted Aug 15th 2012, 12:00am

    ... Reuters Mongolia-focused miner says local opposition making Chinese giant's US$926 million bid impossible Chalco tipped to drop SouthGobi takeover SouthGobi Resources said yesterday ... of SouthGobi's majority shareholder, Turquoise Hill Resources, formerly known as Ivanhoe Mines, but it faced political opposition almost immediately in Mongolia, which is becoming wary about the growing ...

  2. SouthGobi's troubles erode coal orders

    Posted Jun 27th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com SouthGobi Resources saw its share price slump 8.4 per cent after it said production had been halted and it failed to get approval from Mongolian environmental authorities for a processing plant. SouthGobi, which mines coal in Mongolia and exports it to the mainland for steel-smelting, said in a statement to the Hong Kong stock exchange that its customers ...

  3. SouthGobi not target of graft probe; shares rebound

    Posted May 10th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com SouthGobi Resources shares rebounded 5.9 per cent yesterday after falling 13 per cent on Tuesday on worries it is being investigated by Mongolia's graft-busters. The firm said it was told the probe was aimed at a third party. SouthGobi admitted sentiment was also affected by news that a bill requiring 51 per cent Mongolian ownership of strategic ...

  4. Chalco to buy coal miner SouthGobi

    Posted Apr 03rd 2012, 12:00am

    ... of Mongolian coal-mining firm SouthGobi Resources for HK$7.2 billion, in its first mining investment in Mongolia. The company yesterday announced it had made a conditional offer of C$8.48 or HK$65.97 in cash for each of SouthGobi's Canada- and Hong Kong-listed shares, for up to 181.86 million shares. This translates into a 28.9 per cent premium on the share's Hong Kong closing price ...

  5. Miner SouthGobi may tap HK market for US$800m

    Posted Apr 17th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster Another overseas mining company eyes Mongolian assets SouthGobi Energy Resources, a Canadian-listed mining company that owns mines in Mongolia, plans to raise as much ... of the deal could be US$500 million. A spokesman at Vancouver-based SouthGobi declined to comment. More overseas mining companies with assets in Asia have been looking at raising funds in Hong Kong ...

  6. Morgan Stanley's Morrison quits for family business

    Posted Mar 09th 2007, 12:00am by Staff Reporter

    ... that arranges long-distance foot races through such challenging terrain as Africa's Sahara desert and Antarctica. The company also maintains a television and film production unit and an online outdoors equipment shop. Mr Morrison, an avid outdoorsman, plans to take part in the firm's next event, a 250km race through the Gobi desert surrounding the Chinese town of Kashgar in June. ...

  7. VisionChina plaintiffs seek US$60m

    Posted Nov 23rd 2011, 12:00am

    ... Bien Perez bien.perez@scmp.com Venture capital firms Oak Investment Partners and Gobi Partners have asked a New York court to award them US$60 million plus interest in a breach-of-contract ... to pay a US$60 million outstanding fee for its acquisition of Shanghai-based rival Digital Media Group (DMG) in January last year from controlling shareholders Oak and Gobi. Its merger with DMG ...

  8. HK a desert for science graduates, professor says

    Posted Jul 22nd 2012, 12:00am

    ... Adrian Wan adrian.wan@scmp.com Hong Kong is wasting its heavy investment in training science and engineering students because such talents are not valued in a city where banks and property developers make the real money, several academics have warned. � ...

  9. Their unjust deserts

    Posted Feb 13th 2012, 12:00am

    ... Stephen Vines moneypost@scmp.com It takes something for Hong Kong's capitalist-minded people to join the global wave of revulsion against banker bonuses. Income inequality and lavish rewards for entrepreneurship have long been accepted here, but when ...

  10. Long-term investment success, with trouble in the short term

    Posted Aug 03rd 2011, 12:00am

    ... crack-up. They argue that the proof of this misallocation is to be seen all over the mainland in the form of empty airports, highways to the middle of the Gobi desert and entire ghost cities devoid ...




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