Bloomberg News

SouthGobi Lawyer Met Anti-Corruption Agency, Stays in Mongolia

October 29, 2012

SouthGobi Resources Ltd. (SGQ), controlled by a unit of Rio Tinto (RIO) Group, said its legal counsel who was barred from leaving Mongolia last week had met with the country’s anti-corruption agency to assist an investigation.

Sarah Armstrong, a Hong Kong-based Australian, met the Independent Authority Against Corruption on Oct. 26 and remains in Mongolia, Vancouver-based SouthGobi said today in an e-mailed statement. SouthGobi continues to “fully cooperate” with the investigation, it said.

SouthGobi, controlled by Rio Tinto’s 51 percent owned unit Turquoise Hill Resources Ltd. (TRQ:US), said in an Oct. 23 statement that none of its employees have been charged with any crimes. The company said May 8 that Mongolia’s anti-corruption agency had asked one of its units for information for an investigation into a third party.

Armstrong “is free to move around and take part in leisure activities and can visit friends, work colleagues and the office,” SouthGobi said today, without saying when Armstrong will be allowed to leave Mongolia.

SouthGobi gained 0.2 percent to HK$16.70 at the close of Hong Kong trading.

To contact the reporter on this story: Michelle Yun in Hong Kong at myun11@bloomberg.net

To contact the editor responsible for this story: Jason Rogers at jrogers73@bloomberg.net


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