Coal trucks leave the SouthGobi Resources mine in Ovoot Tolgoi, Mongolia. Photo: Bloomberg Coal trucks leave the SouthGobi Resources mine in Ovoot Tolgoi, Mongolia. Photo: Bloomberg
Coal trucks leave the SouthGobi Resources mine in Ovoot Tolgoi, Mongolia. Photo: Bloomberg

Coal miner SouthGobi to cut staff after posting US$55m net loss

Coal miner reverses previous year's gainsin the third quarter amid 94.5 per cent fall in revenue as soft markets take their toll

Coal trucks leave the SouthGobi Resources mine in Ovoot Tolgoi, Mongolia. Photo: Bloomberg Coal trucks leave the SouthGobi Resources mine in Ovoot Tolgoi, Mongolia. Photo: Bloomberg
Coal trucks leave the SouthGobi Resources mine in Ovoot Tolgoi, Mongolia. Photo: Bloomberg
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