Brief: Southgobi Resources Says Coal Exports Into China Suspended
02/11/2021 08:33
Nov 2 (Reuters) - SouthGobi Resources Ltd SGQ.TO :
* COAL EXPORTS INTO CHINA SUSPENDED AFTER RECENT INCREASE OF
COVID-19 CASES IN EJINAQI
* ANTICIPATES TEMPORARY CLOSURE OF CEKE PORT OF ENTRY WILL
HAVE
ADVERSE IMPACT ON CO'S SALES & CASH FLOWS
* MANAGEMENT HAS DECIDED TO TEMPORARILY SUSPEND MAJOR MINING
OPERATIONS (INCLUDING COAL MINING) FROM NOV, 2021
* SEES EXISTING COAL INVENTORIES ARE SUFFICIENT TO SATISFY
EXPECTED SALES DEMAND FOR AT LEAST 4 MONTHS
Further company coverage: SGQ.TO
(Reuters.Briefs@thomsonreuters.com)
Recent news on SouthGobi Resources
See all newsHong Kong's SouthGobi Resources Q2 revenue rises on higher sales
Brief: Southgobi Resources Says Unit Entered Into Build-Transfer Agreement With Tangshan Shenzhou Manufacturing Group
Brief: Southgobi Resources Sales Volume Of 11.2 Million Tonnes In 2025
Brief: Southgobi Resources Sees Net Loss Attributable $151.9 Million -$185.6 Million For Fy2025
Brief: SouthGobi Resources Says Mongolian Legal Counsel Advised Persons Holding Mining License Subject To Ownership Regulations