CAPITAL MARKETS

Gloucester feels brunt of weakened coking coal demand

GLOUCESTER Coal boosted its coal production in the December quarter but admitted its sales volumes were below expectation as a result of reduced overseas demand for semi hard coking coal.

Lauren Barrett
Gloucester feels brunt of weakened coking coal demand

The miner, which is the subject of an $8 billion merger with Yanzhou as a possible takeover, produced 1.1 million tonnes of coal for the quarter ending December 31, up from 451,000 tonnes in the corresponding...

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