06
Aug
15:41
Sinking coal prices drive Warrior loss, delay
US-based Warrior Met Coal has further delayed development of its Australian Blue Creek mine in the face of second-quarter losses stemming from Covid-19, Kallanish reports.
Warrior lost $9.2 million on sales of $163.7m in Q2, representing 2.1m st of met coal produced. In Q2 2019, the company earned $125.5m on sales of $397.6m on 2.2m st of met coal produced.
The company’s average coal price fell -38% on-year to $108.05/st.
“As a resu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous