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The latest update is out from SouthGobi Resources ( (TSE:SGQ) ).
SouthGobi Resources Ltd. announced that its subsidiary, Southgobi Sands LLC, received a final judgment from the Appellate Court in Ulaanbaatar, Mongolia, regarding a tax audit. The court upheld a previous decision, dismissing claims against the TDRC’s re-assessment result, which remains legally valid and effective. This outcome is expected to bring stability to the company’s operations in Mongolia, as no further disputes are anticipated.
More about SouthGobi Resources
SouthGobi Resources Ltd. is a company operating under the laws of British Columbia, Canada, with limited liability. It is listed on the Hong Kong Stock Exchange and the TSX Venture Exchange. The company is involved in the mining industry, focusing on coal resources in Mongolia.
For detailed information about SGQ stock, go to TipRanks’ Stock Analysis page.