SouthGobi Resources Ltd. ("SouthGobi" or the "Company"), listed on the Toronto and Hong Kong stock exchanges (TSX: SGQ, HK: 1878), owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia via its wholly owned subsidiary, SouthGobi Sands LLC ("SGS"). It also holds the mining and exploration licences of its other metallurgical and thermal coal deposits in South Gobi Region of Mongolia. SouthGobi produces and sells coal to customers in China.
The Company owns the following significant coal projects in Mongolia: the Ovoot Tolgoi open pit coal mine ("Ovoot Tolgoi Mine") and three development projects, the Soumber Deposit, the Zag Suuj Deposit and the Ovoot Tolgoi Underground Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, in close proximity to the Mongolia-China border.