HONG KONG, CHINA–(Marketwired – March 29, 2016) – SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (“SouthGobi” or the “Company”). The Company today announced its financial and operating results for the quarter and the year ended December 31, 2015. All figures are in U.S. Dollars unless otherwise stated.
Significant Events and Highlights
The Company’s significant events
Wood Mackenzie analysts Andy Roberts and Jim Truman give an in-depth look at the coal outlook for 2016.
The coal industry may be down, but it’s certainly not out. That was the overarching theme from the 2015 Coal Association of Canada conference last week.
A recently released study has found that should coal use hit its peak in China by 2020, thousands of deaths from coal related illnesses would be prevented, Reuters reported. Peak coal by 2020 would also see China cut its environmental costs and bring down its water consumption by 30 percent.
The first quarter of 2015 didn’t bring much relief for the coal price and coal companies. And unfortunately now that we’re well into the second quarter of the year, the situation is not looking much better. That said, there’s definitely still interest in the coal market — here’s a look
At PDAC, Resource Investing News spoke with Jonny Sultoon of Wood Mackenzie about some of the key factors driving the coal market. Overall, he sees “possible price floors being reached” in 2015, with met coal sitting around $114 to $116 per tonne and spot Newcastle thermal coal prices coming in
The Indian government may break state behemoth Coal India’s monopoly on the domestic coal market by allowing foreign miners to set up shop in India. However, some believe the move may not be the answer to India’s energy woes.
Last week, Coal Investing News gave an overview of Joe Aldina’s take on the metallurgical coal market, and this week, we look at the Wood Mackenzie Analyst’s view of thermal coal. The stories are similarly gloomy, but as with met coal, Aldina is confident that a recovery is on the
At the 2014 Coal Association of Canada Conference and Trade Show, held in Vancouver from September 10 to 12, several analysts shared their views on the thermal and metallurgical coal markets. In particular, Wood Mackenzie analyst Joe Aldina gave an excellent overview of both markets and provided attendees with an
The coal market may be plagued with oversupply worries, but that hasn’t stopped India’s Adani Enterprises from moving ahead with one of the world’s largest coal mines. On Monday, Australian Environment Minister Greg Hunt gave his approval for the company’s US$15.5-billion Carmichael project.