SouthGobi (HKG:1878) 2011 Coal Sales 4.02M tonnes, Up 58%


SouthGobi Resources (HKG:1878) said that it completed the fourth quarter of 2011 in-line with its guidance in terms of coal sales and production. The company sold 1.15 million tonnes of coal during the fourth quarter of 2011, resulting in full-year 2011 sales of 4.02 million tonnes against 2.54 million tonnes sold in 2010, an increase in sales of 58%.

Coal production for the fourth quarter of 2011 was 1.34 million tonnes, resulting in full-year 2011 production of 4.57 million tonnes against coal production of 2.79 million tonnes in 2010, showing growth for the year of 64%.


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