SouthGobi Reports Increased Exports Despite Price Drop

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

SouthGobi Resources Ltd. has reported an increase in mining operations and coal exports, particularly to China, following the adoption of various coal processing methods that improved coal quality. The company’s sales volume rose to 1.2 million tonnes in the second quarter of 2024 from 0.9 million tonnes in the same period of the previous year, although the average selling price per tonne dropped from $95.3 to $77.6 due to a shift in product mix and reduced pricing for certain coal types.

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