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BRIEF-Southgobi Resources Says Decided To Reduce Production In Feb Due To Coronavirus Outbreak

Published 2020-02-19, 08:34 a/m
© Reuters. BRIEF-Southgobi Resources Says Decided To Reduce Production In Feb Due To Coronavirus Outbreak
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Feb 19 (Reuters) - SouthGobi Resources Ltd SGQ.TO :

* SOUTHGOBI ANNOUNCES DEFERRAL OF CIC PAYMENT OBLIGATIONS AND BUSINESS UPDATE

* SOUTHGOBI RESOURCES LTD - PAYMENT OF 2020 DEFERRAL AMOUNTS WILL BE DEFERRED UNTIL JUNE 20, 2020

* SOUTHGOBI RESOURCES LTD - COMPANY DECIDED TO REDUCE PRODUCTION IN FEBRUARY DUE TO CORONAVIRUS OUTBREAK

* SOUTHGOBI RESOURCES LTD - DECIDED TO REDUCE PRODUCTION IN FEBRUARY 2020

* SOUTHGOBI RESOURCES - ANTICIPATES EXISTING COAL INVENTORIES ARE SUFFICIENT TO SATISFY EXPECTED SALES DEMAND FOR PERIOD OF AT LEAST 2 MONTHS

* SOUTHGOBI RESOURCES LTD - COAL EXPORTS TO CHINA HAVE BEEN SUSPENDED SINCE FEBRUARY 11, 2020 DUE TO CORONAVIRUS OUTBREAK

* SOUTHGOBI RESOURCES LTD - ANTICIPATES BORDER CLOSURE TO HAVE ADVERSE IMPACT ON CO'S SALES, CASH FLOWS

* SOUTHGOBI RESOURCES - ON FEB 7, MANGOLIAN BANKS INFORMED CO'S MANGOLIA UNIT THAT THEY GOT REQUEST FROM COURT TO FREEZE CO'S RESPECTIVE ACCOUNTS

* SOUTHGOBI RESOURCES LTD - EXPECTS FREEZING OF BANK ACCOUNTS IN MONGOLIA TO HAVE ADVERSE IMPACT ON ITS ABILITY TO MAKE PAYMENT TRANSACTIONS, OPERATIONS

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