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South Gobi Resources Ltd.(TSX:SGQ) announced the sale of 4.02 million tonnes of coal in 2011. The Company had a n increase of 58% from the sale of 2.54 million tonnes in 2010. Coal production also showed an increase of 64% from 2010.
As quoted in the press release:
SouthGobi completed the fourth quarter of 2011 in-line with its guidance in terms of coal sales and production. The Company sold approximately 1.15 million tonnes of coal during the fourth quarter of 2011, resulting in full-year 2011 sales of 4.02 million tonnes against 2.54 million tonnes sold in 2010, an increase in sales of approximately 58%.
Click here to read the South Gobi Resources Ltd. (TSX:SGQ) press release
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