Coal Miner SouthGobi Resources Returns to Profitability Driven by Chinese Demand

Hong Kong, Friday, 14 August 2026.
SouthGobi Resources reported a $14.1 million operating profit for Q2 2026, reversing a $14.3 million loss from last year. Despite a $375 million working capital deficit, stronger coal sales to China propelled revenue up 36% to $211.7 million.