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09 Nov
21:37

Warrior Met Coal returns to profit

US metallurgical coal supplier Warrior Met Coal returned to the black in the third quarter, despite high market volatility, Kallanish reports. Warrior posted net income of $119.7m on sales of $312m in Q3. In Q3 2016, the company lost $33.6m. “The market for high quality premium met coal continued to be very volatile in this reporting period, reflecting higher Chinese demand and ongoing disruptions to supply from US and Australian miners,” the comp…
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