22
Feb
00:57
Coronado reports record net income
Australian coal miner Coronado Global Resources has reported a record net income in FY22 due to higher coal prices, Kallanish notes.
The company’s net income for the year surged 307% year-on-year to $771.7 million.
It also achieved record revenue in the year with revenue soaring 66% y-o-y to $3.57 billion.
The growth was due to the improvement in metallurgical (met) coal pricing, strong global demand for high-quality met coal in steel production, a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous