SouthGobi Resources Ltd

TSX slips, Feb. 21-24

The S&P/TSX Composite Index lost ground, retreating 1.9% to 15,533.47, during the holiday-shortened trading week. The S&P/TSX Global Mining Index tumbled 5.2% to 67.69, while…




SouthGobi Resources' Ovoot Tolgoi coal mine in Mongolia. Credit: SouthGobi Resources.

SouthGobi Resources loses appeal in Mongolian tax case

In late February Mongolian President Elbegdorj Tsakhia may have pardoned three former employees of SouthGobi Resources (TSX: SGQ) who were convicted in a tax evasion case on Jan. 30, and handed jail sentences of between five and six years, but…


TSX drops, March 2-6

Canada’s main stock index was in the red during the week of the Prospectors & Developers Association of Canada convention, with the country reporting lower gross domestic product growth in the fourth quarter and a worsening trade…


Equipment at SouthGobi Resources' Ovoot Tolgoi coal mine in Mongolia. Credit: SouthGobi Resources

Chinese firm Novel to buy stake in SouthGobi

A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), and…




Turquoise Hill Resources' Oyu Tolgoi gold-copper mine in Mongolia, 80 km north of the Mongolia-China border. Credit: Turquoise Hill Resources

Tax dispute adds doubt to Oyu Tolgoi’s UG expansion

Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) second-quarter results were overshadowed by a tax dispute with the Mongolian government, among other concerns, relating to its Oyu Tolgoi gold–copper mine in the country’s South…


A drill rig  at Powertech Uranium's Aladdin project in northeast Wyoming (2007). Source: Powertech Uranium

Azarga takes stake in Powertech

Azarga Resources, a Hong Kong-based private uranium investment firm founded by mining executive Andrew Molyneux, has bought 17.5% of Powertech Uranium’s (TSX: PWE; US-OTC: PWURF) outstanding shares and agreed to take a 60% stake in the…


Pit stripping and excavation activity at Turquoise Hill Resources' Oyu Tolgoi copper-gold project in Mongolia's South Gobi dessert. Sources: Turquoise Hill Resources

Oyu Tolgoi’s feasibility study delayed

Turquoise Hill Resources (TRQ-T, TRQ-N) updated the market with good and bad news about its 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert.


Oyu Tolgoi’s feasibility study gets delayed

Turquoise Hill Resources (TRQ-T, TRQ-N) updated the market on its 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert with a mix of potentially good and bad news.


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