Production Up, Sales Down for Gloucester Coal

MarketWatch reported that Gloucester Coal (ASX:GCL) reported higher coal output but that market conditions were deteriorating.

As quoted in the market news:

Gloucester said it produced 1.1 million metric tons of coal in the three months through December, compared with 451,000 tons a year earlier. The company has made a number of acquisitions over the past year, and plans to increase production to more than 12 million tons in less than 10 years.

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