Corsa Coal emulates Glencore growth strategy as metallurgical prices surge

摘要

Corsa Coal Corp. intends to extend its trading activities longer term and ramp up low-vol coking coal production as it meets higher domestic steelrelated demand for 2019, the company’s CEO said in an interview with S&P Global Platts. Corsa expects organic growth at mines in Pennsylvania and Maryland and sees the potential for acquisitions to support its trading portfolio, CEO George Dethlefsen said. U.S. coking coal spot export prices have climbed through August and September, narrowing discounts with the Australian premium HCC benchmark. “Corsa is pursuing a Glencore PLC business model, as a basic premise to utilize its assets and resources, with the most efficient and profitable way possible,” Dethlefsen said.