14
Aug
02:07
Coronado net income falls on lower coal prices
Australian coal miner Coronado Global Resources has reported lower net income for the first half, dragged down by lower coal prices, Kallanish notes.
The firm says in a statement that its net income plunged 64.6% to $199.2 million in the first half from $561.9m a year ago.
The group’s revenue for the period also fell 24.6% to $1.49 billion from $1.98 billion.
The group’s average realised met coal price per tonne sold tumbled 21.8% to $229.1/tonne …
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Anonymous
Very good overview of the weekly steel market.
Anonymous