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SunCoke to woo investors

MIDWEST-focused coal company SunCoke will be represented by its senior personnel at an investor m...

Justin Niessner

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SunCoke chairman and chief executive Frederick Henderson and senior vice president and chief financial officer Mark Newman will participate in the presentation.

SunCoke said coke-making accounted for 80% of its earnings before interest, taxes depreciation and amortization.

The company said it expected its coke production to reach 1.6 billion tons in 2012 and account for 18% of total North American coke production.

Yield/cost improvements in several facilities including a successful start-up in Middletown, Ohio and improvements at Indiana Harbor were also noted by the company.

SunCoke reported a cash position of $US113.5 million with a revolver capacity of nearly $150M in a statement preceding the investor meeting.

In the first quarter of 2012, SunCoke produced an estimated 37,000 tons more coke than in the same period of 2011 and said its total US coke-making capacity utilization was 100% in Q1 2012, up from 95% in Q1 2011.

SunCoke’s facilities are located in Virginia, Indiana, Ohio, Illinois and Vitoria in Brazil.

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