SouthGobi’s CEO Arrested, CIC Struggles with Investment
Posted on 11/24/2017
The China Investment Corporation (CIC) has long struggled with its investments in coal assets, specifically in globally-listed coal miner SouthGobi Resources Ltd, which operates its flagship coal mine in Mongolia. In November 2009, CIC and SouthGobi Resources inked a convertible debenture deal. The coal miner has struggled to pay its debt obligations over the years. […]
