SouthGobi Fetches Higher Coal Prices, Profit Doubles

Reuters reported that SouthGobi Resources (TSXV:SGQ) enjoyed increased Q3 2011 profits to due higher production and coal prices.

As quoted in the market news:

The company reported third-quarter net income of $55 million, or 31 cents per share, compared with $27.5 million, or 15 cents per share, last year.

Click here to read the full Reuters report.