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Warrior Met Coal reports 2Q21 results worldcoal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcoal.com Daily Mail and Mail on Sunday newspapers.
Coal miners carry Alabama strike to Wall Street Coal miners on strike in Brookwood, Ala., are staying stalwart midway through their fourth month on the picket line 24 hours a day, seven days a week continuing a 100-year-old tradition of labor resistance in central Alabama. The miners of United Mine Workers Local 2245 say big hedge funds that provide financial backing to Warrior Met are blocking progress toward a fair contract. The coal company is “the leading dedicated U.S.-based producer and exporter of high quality metallurgical (‘met’) coal for the global steel industry.” (Business Wire, Feb. 24) Alabama coal miners marched on Wall Street in New York City June 22. Chanting “No contract, no coal!” and “Warrior Met Coal ain’t got no soul!” they picketed the offices of BlackRock Fund Advisors, State Street Global Advisors and Renaissance Technologies Warrior Met’s biggest investors. ....
Advertisement Warrior Met Coal, Inc. has recently announced its results for 1Q21. Warrior is a leading dedicated US based producer and exporter of high quality metallurgical coal for the global steel industry. Warrior reported a net loss for 1Q21 of US$21.4 million, or US$0.42 per diluted share, compared to net income of US$21.5 million, or US$0.42 per diluted share, in 1Q20. Adjusted net income per share for 1Q21 was US$0.08 per diluted share compared to adjusted net income per share of US$0.39 per diluted share in 1Q20. The company reported adjusted EBITDA of US$47.1 million in 1Q21, compared to adjusted EBITDA of US$62 million in 1Q20. ....
Deadline approaching for mining union contract with Warrior Met Coal al.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from al.com Daily Mail and Mail on Sunday newspapers.
Reply Obama s New Proposed Regulations On Coal Energy Production Met With Ire Through Kentucky s Coal Country (Getty Images) BROOKWOOD, AL net loss of $33.7 million in the fourth quarter of 2020, along with a noticeable dip in production for the full year, but cited its cash flow position in expressing optimism for the future. The hit taken by the company in Q4 is compared to a net income of $20.8 million during the same time period in 2019, with company leadership pointing primarily to the economic downturn of the coronavirus pandemic compounded by disruptive factors in the market. Subscribe Warrior Met CEO Walt Scheller said despite the impact had on the Brookwood-based metallurgical coal producer by the pandemic, the company reported positive cash flow in the fourth quarter nearly breaking even for the year. ....