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Tag: coal prices

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SouthGobi Resources Announces Fourth Quarter and Full Year 2015 Financial and Operating Results and Update on Ovoot Tolgoi Resource Estimate

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

Coal Prices Buoyed by Cold Snap

Reuters reported that while coal prices rebounded from multi-year lows this week, the longer-term outlook remains weak. That’s largely because demand for the fuel is being tamped down by cheap oil and lower consumption in major markets.

Glencore to Cut More Australian Coal Output

Reuters reported that Glencore Plc (LSE:GLEN) said Monday that it is planning to shutter its Collinsville colliery in Australia for three weeks amidst lower coal prices. The company will also cut a further 180 jobs from the mine.

Coal in 2015: Another Tough Year

Coal in 2015: Another Tough Year

The Investing News Network got in touch with global coal researchers at Wood Mackenzie to get more insight into trends driving the coal market in 2015. Here’s a brief overview of the coal space this year.

Coal Stocks 2015

Coal Stocks 2015

Coal stocks have lost plenty of ground this year, and most analysts and market watchers say a material recovery is a few years out. Still it’s worth keeping an eye on junior coal stocks and what they’ve been up to in 2015.

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