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22 Dec
00:00

US coke producer looks to divest met coal mines on 'challenging' prices

US-based coking coal and coke producer SunCoke Energy is downsizing its coal mining business through divestment or closure, Kallanish learns from the firm. Coal production will be reduced by over 50% “immediately”. The move has been prompted by the “challenging coal price environment”. The firm says: “Idling a significant portion of the Coal Mining business is the right step going forward and allows us to focus on our core compe…
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