Markets

UPDATE: Pacific Coal Ahead 17% As Announces La Caypa and Cerro Largo Operational Update for Q3

Pacific Coal Resources (PAK.V) was ahead by 17% on midday Thursday after announcing an operational update on its producing mines, La Caypa and Cerro Largo - La Divisa. From production at both La Caypa and Cerro Largo, exports totaled 448,691 tonnes and the average achieved sale price was US$102.51/tonne FOB, representing revenues of approximately US$46 million for the third quarter of 2011. The company said the increase in export volumes compared to the previous quarter was due to incremental production coming from both La Caypa and Cerro Largo assets, as well as efficiencies achieved in the logistics chain by the incorporation of the new truck fleet.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos