[ET Net News Agency, 15 July 2015] SouthGobi Resources (01878) said it sold 190,000
tonnes of its coal products during the second quarter of 2015, a decrease of 69.8% from a
year earlier.
After the resumption of mining operations on 30 March 2015, production increased to
620,000 tonnes for the quarter, allowing SouthGobi to position itself to meet its
commitments under existing and expected new coal offtake contracts.
SouthGobi has also obtained all necessary regulatory approvals for the private
placements and subsequently successfully closed the Swiss Life GP private placement
raising US$2.9 million for the issuance of 5 million common shares.
As at 13 July 2015, ertain steps of CITIC Merchant's due diligence exercise remain to be
finalized and therefore the approval from the board of directors of CITIC Merchant has not
yet been obtained. As such, an extension of the closing date to 20 July 2015 has been
agreed to allow more time for CITIC Merchant to complete their due diligence. (HL)
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01878 SOUTHGOBI
Nominal 
6.220 -0.040 (-0.639%) Others
15/07/2015 10:11
SouthGobi (01878) 2Q coal sales volume at 190,000 tonnes
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