SouthGobi sees weak Q2 due to Chalco, Mongolia uncertainty
MELBOURNE May 15 (Reuters) - SouthGobi Resources expects coal sales volumes to be weak due to customer concerns that Mongolia may suspend the company's mining license and its proposed new majority owner, China's Chalco, may take most of the mine's supply.
"Both will mean second quarter volumes are low," Chief Executive Alex Molyneux told analysts on a conference call. (Reporting by Sonali Paul; Editing by Gary Hill)
"Both will mean second quarter volumes are low," Chief Executive Alex Molyneux told analysts on a conference call. (Reporting by Sonali Paul; Editing by Gary Hill)
Comments
Post a Comment