SouthGobi Resources Ltd. (SGQRF) - Grey Market
  • Nov. 8, 2013, 11:41 AM
    • Turquoise Hill Resources (TRQ -2.7%) says it will restate financial results for 2010-12 and part of this year after its SouthGobi (SGQRF) subsidiary decided to change the way it recognizes revenue.
    • SouthGobi, which produces coal at the Ovoot Tolgoi mine in Mongolia, says some sales were booked after delivery to the customer’s stockpile at the mine; the restatement will reflect the recognition of revenue after the coal is loaded onto the customer’s trucks.
    • TRQ owns a 58% stake in SouthGobi, and Rio Tinto (RIO) owns 51% of TRQ.
    | Nov. 8, 2013, 11:41 AM | 2 Comments
  • Jun. 26, 2012, 2:55 AM
    SouthGobi Resources (SGQRF.PK) falls 8.2% in Hong Kong trading to the lowest level since its 2009 listing after the company's operating report raised uncertainties over whether Chalco (ACH) would move ahead with plans to buy a controlling stake in the miner. SouthGobi also said it reduced output in Q2 and warned of deteriorating market conditions.
    | Jun. 26, 2012, 2:55 AM
Company Description
Currently, there's no company description for SGQRF.
Industry: Steel & Iron
Country: Canada