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TSX closed on Monday on Labor Day. 1878 up 0.8% on opening
SouthGobi sets new coal shipment record of 441,665 tonnes of coal in August
September 6 -- HONG KONG - Alexander Molyneux, President and CEO of SouthGobi Resources Ltd. (TSX:SGQ, HK:1878) is pleased to announce today that the company has set a new monthly record of 441,665 tonnes of coal shipped in August, representing a substantial increase over shipping levels in the second quarter of 2011.
“We have seen a continual increase this quarter in capacity being allocated by customers to collect our coal”, said Mr. Molyneux. “We are pleased to see our shipping rate reach a level of approximately 5.3 million tonnes of coal per year on an annualized basis so soon, which is on track to meet our targets.”
SouthGobi anticipates shipping rates to continue to increase through the remainder of the third quarter.
"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
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