OTC-BB:CRSXF

Corsa Coal Announces Financial Results for Fourth Quarter and Full Year 2023

Retrieved on: 
Tuesday, March 12, 2024
FOBT, Tax, National Instrument 43-101, Risk, Steel, Coal, International, International Financial Reporting Standards, Ratio, Sale, News, Transport, Public expenditure, National instrument, Bank statement, Adjustment, Index, Water, Depreciation, GAAP, Metallurgy, Calendar, FOB, Mining, Bank

Price levels opened the fourth quarter 2023 at $333.00/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $342.50/mt FOBT.

Key Points: 
  • Price levels opened the fourth quarter 2023 at $333.00/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $342.50/mt FOBT.
  • The quarterly average price for the fourth quarter 2023 was $333.26/mt FOBT compared to $263.07/mt FOBT in the third quarter 2023 and traded in a range from a high of $367.00/mt FOBT to a low of $297.50/mt FOBT.
  • The Company's first quarter 2024 sales volumes are expected to be higher than the fourth quarter of 2023, but lower than historical averages.
  • Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel.

Corsa Coal Announces Financial Results for Third Quarter 2023

Retrieved on: 
Tuesday, October 31, 2023
Adjustment, FOB, Ratio, Sale, Risk, Holiday, Index, Water, MT, Tax, International, Coal, Public expenditure, EBITDA, News, GAAP, International Financial Reporting Standards, National instrument, FOBT, Bank statement, Transport, Regulation and licensure in engineering, Depreciation, National Instrument 43-101, Steel, Calendar, Metallurgy, Bank, Cryptocurrency, Bookkeeping, Recycling, Atlantic Ocean, Opel Corsa

Price levels opened the third quarter 2023 at $233.00/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $333.00/mt FOBT.

Key Points: 
  • Price levels opened the third quarter 2023 at $233.00/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $333.00/mt FOBT.
  • Metallurgical coal selling prices are expected to be higher than the third quarter of 2023 due to improved spot market pricing.
  • Purchased coal is excluded as the purchased coal costs are based on market prices of coal purchased and not the cost to produce the coal;
    Cash cost purchased coal per ton sold - purchased coal costs divided by tons of purchased coal sold.
  • Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel.

Corsa Coal Provides Update on A-Seam Condemnation Proceedings

Retrieved on: 
Friday, August 11, 2023
Opel Corsa, Pennsylvania Department of Transportation, Coal mining, Steel, PBS, Coal, Atlantic Ocean

The binding memorandum of understanding agreement provides for a US$35.0 million cash damages payment to PBS and PBS expects to receive net proceeds of US$23.3 million after the payment of contingent legal fees.

Key Points: 
  • The binding memorandum of understanding agreement provides for a US$35.0 million cash damages payment to PBS and PBS expects to receive net proceeds of US$23.3 million after the payment of contingent legal fees.
  • The Company does not intend to make any further public comments regarding these matters, unless required by law or stock exchange rules.
  • Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel.
  • Our core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets.

Corsa Coal Announces Financial Results for Second Quarter 2023

Retrieved on: 
Tuesday, August 8, 2023
International, FOBT, Bank statement, Risk, Calendar, Tax, FOB, GAAP, Ratio, Steel, Regulation and licensure in engineering, Sale, Coal, Index, Public expenditure, EBITDA, National instrument, International Financial Reporting Standards, Water, National Instrument 43-101, Depreciation, Metallurgy, Transport, Adjustment, News, Bank, Cryptocurrency, Uranium mining, Bookkeeping, Recycling, Atlantic Ocean, Opel Corsa

Price levels opened the second quarter 2023 at $300.00/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $233.00/mt FOBT.

Key Points: 
  • Price levels opened the second quarter 2023 at $300.00/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $233.00/mt FOBT.
  • The quarterly average price for the second quarter 2023 was $242.92/mt FOBT compared to $342.57/mt FOBT in the first quarter 2023, and traded in a range from a high of $300.00/mt FOBT to a low of $222.00/mt FOBT.
  • Metallurgical coal selling prices are expected to be lower than the second quarter of 2023 due to increased participation in the metallurgical coal spot market.
  • Purchased coal is excluded as the purchased coal costs are based on market prices of coal purchased and not the cost to produce the coal;
    Cash cost purchased coal per ton sold - purchased coal costs divided by tons of purchased coal sold.

Corsa Coal Announces Results of Annual and Special Meeting

Retrieved on: 
Thursday, June 29, 2023
TSX Venture Exchange, Meeting, Steel, Coal, TMX Group, SEDAR, News, Opel Corsa, Management, Atlantic Ocean

FRIEDENS, Pa., June 29, 2023 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company") today announced the results of its annual and special meeting of shareholders held earlier today (the "Meeting").

Key Points: 
  • FRIEDENS, Pa., June 29, 2023 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company") today announced the results of its annual and special meeting of shareholders held earlier today (the "Meeting").
  • The Company's management information circular containing additional details surrounding the items of business at the Meeting is available under the Company's profile on SEDAR at www.sedar.com .
  • Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel.
  • Our core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets.

Corsa Coal Announces Financial Results for First Quarter 2023 and Provides Corporate Update

Retrieved on: 
Thursday, May 4, 2023
International, FOBT, Bank statement, Risk, Calendar, Tax, FOB, GAAP, Ratio, Steel, Regulation and licensure in engineering, Sale, Coal, Index, Public expenditure, EBITDA, National instrument, International Financial Reporting Standards, Mining, Water, MT, National Instrument 43-101, Depreciation, Metallurgy, Transport, Adjustment, News, Bank, Cryptocurrency, Bookkeeping, Recycling, Atlantic Ocean, Opel Corsa

Price levels opened the first quarter 2023 at $294.50/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $301.00/mt FOBT.

Key Points: 
  • Price levels opened the first quarter 2023 at $294.50/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $301.00/mt FOBT.
  • The Company's second quarter 2023 sales volumes are expected to be higher than the first quarter of 2023 due to increased production from our surface mines and higher than historical levels.
  • Selling, general and administrative expenses are expected to be slightly higher than first quarter 2023 due to increased sales volumes.
  • Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel.

Corsa Coal Announces Financial Results for Fourth Quarter and Full Year 2022

Retrieved on: 
Thursday, April 13, 2023
International, FOBT, Bank statement, Risk, Calendar, Tax, FOB, GAAP, Ratio, Steel, Regulation and licensure in engineering, Sale, Coal, Index, SGX, Public expenditure, EBITDA, National instrument, International Financial Reporting Standards, Water, MT, National Instrument 43-101, Depreciation, Metallurgy, Transport, Adjustment, TSI, News, Bank, Bookkeeping, Recycling, Atlantic Ocean, Opel Corsa

Price levels opened the fourth quarter 2022 at $270.50/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $294.50/mt FOBT.

Key Points: 
  • Price levels opened the fourth quarter 2022 at $270.50/metric ton ("mt") delivered-to-the-port ("FOBT") for spot deliveries of Australian premium low volatile metallurgical coal and closed the quarter at $294.50/mt FOBT.
  • The Company's first quarter 2023 sales volumes are expected to be higher than the fourth quarter of 2022 and in-line with historical levels.
  • Purchased coal is excluded as the purchased coal costs are based on market prices of coal purchased and not the cost to produce the coal;
    Cash cost purchased coal per ton sold - purchased coal costs divided by tons of purchased coal sold.
  • Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel.

Corsa Coal Announces New Board Chair

Retrieved on: 
Friday, November 18, 2022
TSX Venture Exchange, Audit committee, Steel, Workplace (Health, Safety and Welfare) Regulations 1992, Coal, Financial compensation, European Parliament Committee on the Environment, Public Health and Food Safety, Committee, News, SEDAR, Weather, Governance, Chair, COVID-19, Sustainability Accounting Standards Board, Disease, Transport, Audit, Health, Safety, Atlantic Ocean, Opel Corsa

FRIEDENS, Pa., Nov. 18, 2022 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company"), a premium quality metallurgical coal producer, today announced that, effective today, Ronald G. Stovash has been named Chair of the Board of Directors of the Company.

Key Points: 
  • FRIEDENS, Pa., Nov. 18, 2022 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company"), a premium quality metallurgical coal producer, today announced that, effective today, Ronald G. Stovash has been named Chair of the Board of Directors of the Company.
  • "Bo has served as a director and Chair since 2017 and the Board wishes to thank him for his valuable contributions to Corsa.
  • The Board does not expect that a successor for Mr. Sturdivant will be appointed prior to the next annual general meeting of shareholders of Corsa.
  • Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel.

Corsa Coal Reports Fatality at Acosta Mine

Retrieved on: 
Monday, October 24, 2022
News, Time, Review, Family, Friends, Company, Coal mining, TSX Venture Exchange, Steel, Interim, Fatality, Coal, Atlantic Ocean, Opel Corsa

FRIEDENS, Pa., Oct. 24, 2022 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company") is saddened to report a fatality at its Acosta Deep Mine in Jenner Township, Somerset County, Pennsylvania that occurred late morning local time on October 22, 2022.

Key Points: 
  • FRIEDENS, Pa., Oct. 24, 2022 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company") is saddened to report a fatality at its Acosta Deep Mine in Jenner Township, Somerset County, Pennsylvania that occurred late morning local time on October 22, 2022.
  • Kevin M. Harrigan, Interim President and Chief Executive Officer of Corsa, commented, "Our thoughts and prayers are with the employee's family and friends, and with our Corsa team at this incredibly difficult time.
  • Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel.
  • Our core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets.