Corsa to grow metallurgical coal footprint after shedding thermal coal assets

摘要

Recently freed of its Central Appalachia thermal coal division, pure-play metallurgical coal producer Corsa Coal Corp. is now eyeing major growth. The company sold 811,905 tons of metallurgical coal it produced in 2017, according to its earnings report. Corsa is aiming to double its metallurgical coal production from 2017 to 2019, CEO George Dethlefsen said on the company’s March 14 earnings call. “We believe we can [do that] for less than $35 million of growth capital expenditures,” Dethlefsen said. “Very few companies can make that statement.”