Do you think their margin might be lower because they are receiving lower prices for the coal than the costs being too high? It seems like it is for domestic electricity use, which may mean an existing discounted, to spot price pricing, arrangement is in place.
Im not 100% sure, but I know a few small iron ore miners have to sell some iron ore to steel mills at a discount for one reason or another. Might be the same reason.
Either way, their margins in the new mines with much higher volumes will be the ones to provide significant profits to the company!
Cheers Nectar
CCC Price at posting:
84.0¢ Sentiment: LT Buy Disclosure: Held
