23
Feb
03:03
Coronado's 2023 profit falls on lower coal prices
Australian coal miner Coronado Global Resources reported lower earnings in 2023 amid lower coal prices, Kallanish notes.
The firm says its net income plunged 79.8% on-year to $156.1 million. Revenue also fell 19.1% to $2.89 billion, due to lower average metallurgical coal prices.
The firm's average realised metallurgical coal price of $215.7/tonne “reflected a 73% realisation to” the average 2023 Australian metallurgical coal index price.
The com…
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Anonymous
Very good overview of the weekly steel market.
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