One the 16/06, RCI warned it was expecting a net
loss of about $16m for the year ending June 30, based on internal management accounts but on the 22/07, they approved a project to convert the existing coal top-loading coking ovens at its Huaibei metallurgical coke plant to more advanced technology - a coal side-loading tamping design.
For those that are unaware, the company's primary source of income is the manufacture and sale of metallurgical coke and byproducts from the Chang Yuan (Huaibei) Chemicals & Coking Co Ltd (CYCC) coking plant in China.
Now 25c (up 127.3%) - VWAP: 19.1.
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