SouthGobi, Winsway sign coal sales agreement

Reuters.com reports that SouthGobi Resources (TSXV:SGQ) has signed a contract to sell coal to Winsway Coking Coal.

The story is quoted as saying:

SouthGobi said that it intends to deliver 800,000 tonnes of coal to Winsway in each quarter of 2011. Pricing for the coal to be sold under this contract has been agreed to for the first quarter of 2011, and will be determined by mutual agreement in advance of each subsequent quarter, the company said in a statement.

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