COAL
The TSX-V-listed stock of Corsa Coal rallied as much as 23% on Friday following a company announcement calling for a much stronger metallurgical coal production outlook in 2018 and an overall increase in premium low volatile metallurgical coal sales.
“In 2018, Corsa is guiding towards metallurgical coal production growth of over 60% and an overall increase in premium low volatile metallurgical coal sales of over 50% as compared to 2017 forecasted levels,” CEO George Dethlefsen said in a statement.
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