SouthGobi Resources Limited
HKSE : 1878

SouthGobi Resources Limited

December 14, 2015 21:53 ET

SouthGobi Resources Announces Retirement of W. Gordon Lancaster as Director

HONG KONG, CHINA--(Marketwired - Dec. 14, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announces that Mr. Gordon Lancaster has retired as an independent non-executive director, chairman of the Compensation and Benefits Committee, and member of the Nominating and Corporate Governance Committee and Audit Committee of the Company in order to focus on his consulting business and family, effective on December 14, 2015.

Mr. Ningqiao Li, Chairman of the Board, said, "Since joining the Board in 2010, Gordon has made outstanding contributions to the Company with his professional expertise and extensive experience. On behalf of SouthGobi, I would like to thank Gordon for his dedication and contributions to the Company and wish him the best."

About SouthGobi

SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. 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.

Contact Information