US COAL producer Cloud Peak Energy’s US$20.1 million loss for the March quarter, adjusted earnings before interest tax depreciation and amortisation of $20.4 million, and average cost of $9.78 per short ton, were all improved results as compared to the first quarter of 2016.
Cloud Peak energy CEO Colin Marshall said the company exported 500,000t during the quarter and had contracted 3.3 million tons of Asian export sales to be delivered in 2017. “Our lower operating costs...
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