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Sovereign Wealth Funds Briefing - Categorized | Performance

SouthGobi may report profit next year as sales rise

Posted on 16 November 2010

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


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