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    coal investing

    SouthGobi Fetches Higher Coal Prices, Profit Doubles

    Investing News Network
    Nov. 09, 2011 06:58AM PST
    Industrial Metals

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

    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.

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