Alpha Metallurgical posts Q2 net loss of $12.3 mln, cuts met coal shipment outlook

U.S.-based Alpha Metallurgical Resources reported a preliminary net loss of $12.3 million for the second quarter, or $0.96 per diluted share, according to preliminary quarterly results released recently. The company lowered its full-year metallurgical coal shipment forecast to 14.2-15.4 million tonnes, citing weak market conditions and damage to terminal equipment.

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