Mongolian coal operator SouthGobi Resources, according to The ASIA Miner, has set a new monthly record of 441,665 metric tons (mt) of coal shipped in August, representing a substantial increase over shipping levels in the second quarter of 2011. SouthGobi’s President and CEO Alexander Molyneux said, “We have seen a continual increase in capacity being allocated by customers to collect our coal. We are pleased to see our shipping rate reach a level of approximately 5.3 million mt of coal on an annualized basis so soon, which is on track to meet our targets.”
SouthGobi anticipates shipping rates to continue to increase through the remainder of the third quarter. The company’s flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China.