2 stories mentioning HKG:1878Updated 91d ago
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SouthGobi Resources (HKG:1878) shrank its net loss attributable to equity holders in the first quarter to $8 million from $26.2 million.Loss per share narrowed to $0.027 from $0.088, according to a Thursday Hong Kong bourse filing.The coal miner's revenue jumped to $169.4 million from $122.9 million in the year-ago period.
SouthGobi Resources (HKG:1878) awarded 53.8 million yuan contract to Tangshan Shenzhou Manufacturing Group for the construction of a new dry coal separation system at its mine in Mongolia, according to a Hong Kong bourse filing Monday.Shares of the coal miner gained nearly 6% in late morning trade Tuesday.The dry coal separate system will be a stand-alone plant at the Ovoot Tolgoi mine and will not form part of the company's existing dry processing plants, SouthGobi said.Construction will last for three months.
