The Conversation (0)
The Financial Mail reported that recent interim results from Coal of Africa were disappointing, after the company has suffered through a strike, weak coal prices and asset impairments, yet remains confident about future prospects. As quoted in the market report: Revenue reflected both weaker coal prices and lower production after a strike at Mooiplaats, one of CoAL’s […]
The Financial Mail reported that recent interim results from Coal of Africa were disappointing, after the company has suffered through a strike, weak coal prices and asset impairments, yet remains confident about future prospects.
As quoted in the market report:
Revenue reflected both weaker coal prices and lower production after a strike at Mooiplaats, one of CoAL’s two thermal coal mines near Ermelo. Total production was 1,1Mt (2011: 1,2Mt) of export quality coal, in a period when benchmark prices for thermal coal averaged $87/t from $100/t in the preceding six months. Even benchmark coking coal, a premium-priced product used in metallurgy, is currently trading around $159/t from a peak of $354/t two years ago.
To view the whole Financial Mail report, click here.
Outlook Reports world
Featured Industrial Metals Investing Stocks
Browse Companies
MARKETS
COMMODITIES
CURRENCIES