SGQRF:OTCMKTS
SouthGobi Resources Ltd
$0.28
0.00%
(0.00) 1D
Oct 15, 9:47:53 AM GMT-4 · USD
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Mkt. cap
114.93M
Volume
0.00
52-wk high
$0.28
52-wk low
$0.28
Shares outstanding
370.50M
No. of employees
874
Mkt. cap
114.93M
Volume
0.00
52-wk high
$0.28
52-wk low
$0.28
Shares outstanding
370.50M
No. of employees
874
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Profile
SouthGobi Resources is a Canadian 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 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. Wikipedia
About SouthGobi Resources Ltd
CEOTed Chan
Employees874
Founded2002
HeadquartersVancouver, British Columbia, Canada
SectorFuel
Websitesouthgobi.com