SouthGobi’s Improved Operations Boost Exports

SouthGobi Resources (TSE:SGQ) has released an update.

SouthGobi Resources Ltd. has reported a rise in its mining operations and coal export volumes to China, driven by improved coal quality from new processing methods and expanded product categories. There was a significant increase in sales volume from 0.6 to 1.1 million tonnes in the first quarter of 2024, but a decrease in average selling price per tonne compared to the same quarter in the previous year due to changes in product mix and lower pricing for certain coal types.

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