SouthGobi Resources

Sundance to conclude iron ore partnership talks by June

Australia’s Sundance Resources will conclude discussions with potential partners on its US$4.7 billion (HK$36.5 billion) Africa iron ore project by June and announce a chosen partner three months later, the firm’s chief operations officer told Reuters.

Friday, 31 May, 2013, 12:48pm

Mongolia still open to foreign investors

Nemekhbayar Enkhbayar of the Mongolian Ministry of Mines says the new law is a kind of registration and vetting. Photo: Edward Wong

Mongolia is still open to foreign investment despite a hastily enacted law that subjects foreign investments to government approval and recent calls by some nationalist politicians to renegotiate the terms of a mega copper mining deal with Rio Tinto, a senior government official said.

27 Nov 2012 - 3:14am

Coal miner SouthGobi to cut staff after posting US$55m net loss

Coal trucks leave the SouthGobi Resources mine in Ovoot Tolgoi, Mongolia. Photo: Bloomberg

SouthGobi Resources swung to a net loss of US$54.56 million in the third quarter from a net profit of US$55.92 million in the period last year, while the mining firm's revenue plunged 94.5 per cent to US$3.34 million in the quarter.

14 Nov 2012 - 3:18am

Miner SouthGobi's HK-based lawyer held in Mongolia to aid graft probe

Sarah Armstrong is legal counsel for SouthGobi in Mongolia.

A Hong Kong-based Australian lawyer working for a mining company in Mongolia has been barred from leaving the country to assist with a corruption investigation by the government.

Sarah Armstrong, the 32-year-old chief legal counsel to Rio Tinto subsidiary SouthGobi Resources, was unable to board a flight from the capital Ulan Bator to Hong Kong last Friday, reports said.

25 Oct 2012 - 4:29am

SouthGobi Resources sacks second senior executive

Heavy machinery moves coal at a SouthGobi mine. A Chinese state company dropped plans to buy the miner. Photo: Bloomberg

SouthGobi Resources has fired its chief operating officer Curtis Church - the second dismissal of a senior executive - after Aluminum Corp of China (Chalco) cancelled its plan to acquire a controlling stake in the Canadian coal miner.

20 Oct 2012 - 2:35am