26
Sep
03:54
Atrum Coal losses widen on impairment
Australian metallurgical coal development firm Atrum Coal has seen net losses grow after a policy change forced an impairment of the Elan coking coal project.
Atrum Coal saw its net losses widen to AUD 6.98 million ($4.54 million) in the first half ended 30 June 2022, from AUD 5.33 million a year ago, Kallanish notes.
According to the group, losses are a typical feature of an exploration company such as Atrum at the pre-production stage, as expenditure…
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