quote "The company exported 8.9 million metric tons in the first half at an average sale price of $49 a ton, down 36 percent from a year ago. Shipping was $23 a ton and mining costs were $39 a ton" unquote
Can someone explain how this can be. Sell at 49$ ? or does that mean sell at 49 plus 23 for shipping.?
Does that mean 10$ per ton profit. ??
and from the same article
Quote "The company said last month it had conducted an internal investigation of senior executives including Timis in relation to a $50 million payment made to cancel a sales contract. The probe neither proved nor disproved allegations Timis benefited from the payment, the company said at the time." unquote
CFE Price at posting:
10.0¢ Sentiment: None Disclosure: Held
