Mongolia Business and Mongolian Daily Business News

SouthGobi Energy Resources (SGQ) reported on October 26, 2009 that China Investment Corporation, the country’s Sovereign Wealth Fund, will provide US$500 million in financing to support accelerated investment program in Mongolia. We rate this development as positive as it will allow SGQ to significantly ramp-up its coal production, develop transportation infrastructure and build value-added processing, which will significantly boost the company’s revenue and profitability margins.
The following link gives access to Eurasia Capital’s full report “SouthGobi Energy: Company Update” published on October 26, 2009:

http://enews.eurasiac.com/cgi-bin19/DM/y/hKt0CT160Ot0j50Eo

About SouthGobi Energy Resources

SouthGobi Energy Resources is a coal exploration and production company listed on the Toronto Venture Exchange with market capitalization of US$1.5bn (C$1.54bn). SGQ is focused on developing coal assets in Asia, with current projects in Mongolia and Indonesia. The company’s flagship mine, OvootTolgoi, is producing and selling coal to customers in China.

www.southgobi.com

About Eurasia Capital

Eurasia Capital is a Hong Kong-based pan-regional investment bank with focus on China, Russia, Mongolia and Central Asia.  The Firm offers cross border M&A and advisory, sales & trading and research services to its international and regional clients including major energy and resource companies, sovereign wealth funds, private equity groups and global portfolio investors.  www.eurasiac.com

The following link gives access to Eurasia Capital’s full report “SouthGobi Energy: Company Update” published on October 14, 2009:

http://enews.eurasiac.com/cgi-bin19/DM/y/hKt0CT160Ot0UG0El

To access Eurasia Capital’s initiation report on South Gobi Energy Ltd. published on September 8, 2009 please click below link:

http://enews.eurasiac.com/cgi-bin19/DM/y/hKt0CT160Ot0UH0Em

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