Brief: Southgobi Resources Says Ceke Port Of Entry Re-Opened For Coal Export On A Trial Basis

SouthGobi Resources

25/05/2022 13:16

May 25 (Reuters) - SouthGobi Resources Ltd  SGQ.TO :
    * CEKE PORT OF ENTRY RE-OPENED FOR COAL EXPORT ON A TRIAL
BASIS
    * LIMITED NUMBER OF TRUCKS PERMITTED TO CROSS BORDER DURING
TRIAL
PERIOD FROM CEKE PORT
    * ALTHOUGH COAL EXPORT FROM MONGOLIA TO PRC RESUMES, THERE
IS NO
GUARANTEE THAT CO WILL BE ABLE TO CONTINUE EXPORTING COAL TO PRC
    * ANTICIPATES COAL INVENTORIES SUFFICIENT FOR EXPECTED
DEMAND FOR
AT LEAST 4 MNTHS FOLLOWING RESUMPTION OF COAL EXPORTS TO CHINA
    * ANTICIPATES ITS REVENUE, LIQUIDITY & PROFITABILITY TO BE
ADVERSELY IMPACTED UNTIL EXPORTS ARE ALLOWED TO RESUME AT NORMAL
LEVELS
    * WILL CONTINUE TO CLOSELY MONITOR SITUATION AT CEKE PORT OF
ENTRY

Source text for Eikon:  ID:nHKS5J7wLB 
Further company coverage:  SGQ.TO 

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