From Bloomberg: SouthGobi Resources Ltd., a coal producer backed by China’s sovereign wealth fund, may post a profit next year as increased output boosts sales by two-thirds, Chief Executive Officer Alexander Molyneux said.
The Toronto and Hong Kong-listed coal producer may expand sales to 4.5 million metric tons in 2011 from about 2.7 million tons this year, Molyneux said………………………………………Full Article: Source