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Corsa Coal Corp., a premium quality metallurgical coal producer, has reported its financial results for the 3 months ended 31 March 2021 (1Q21).
1Q21 highlights
Corsa reported net and comprehensive loss of US$4.4 million, or US$(0.05) per share attributable to shareholders, for 1Q21 compared to a loss of US$5.8 million, or US$(0.06) per share attributable to shareholders, for the 3 months ended 31 March 2020 (1Q20).
Corsa’s adjusted EBITDA was US$0.1 million for 1Q21 compared to US$6.4 million for 1Q20. Corsa’s EBITDA was US$0.1 million for 1Q21 compared to US$1.3 million for 1Q20.
Cash production cost per tonne sold was US$79.15 for 1Q21, an increase of US$8.03/t, or 11%, as compared to 1Q20.
Corsa Coal Announces Financial Results for First Quarter 2021
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Corsa Coal Announces Financial Results for Fourth Quarter and Full Year 2020
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Alpha Appoints Three New Directors, Reaches Agreement with MG Capital on Board Composition
February 2, 2021 GMT
(PRNewsfoto/Alpha Metallurgical Resources, Inc.)
BRISTOL, Tenn., Feb. 2, 2021 /PRNewswire/ Alpha Metallurgical Resources, Inc. (NYSE: AMR) (“Alpha” or the “Company”), a leading U.S. supplier of metallurgical products for the steel industry, today announced that it has reached agreement with MG Capital Management, Ltd. (together with its affiliates, “MG Capital”), a holder of approximately 5.8% of Alpha’s outstanding common stock, on steps to accelerate the refreshment of the Company’s Board of Directors (the “Board”).