Brief: Ramaco Resources Completed 2022 Sales Negotiations To Its North American Steel Customers

Ramaco Resources

27/10/2021 24:01

Oct 26 (Reuters) - Ramaco Resources Inc  METC.O :
    * RAMACO RESOURCES INC - COMPLETED 2022 SALES NEGOTIATIONS
TO ITS
NORTH AMERICAN STEEL CUSTOMERS
    * RAMACO RESOURCES INC - HAS NOW EXECUTED AN ASSET PURCHASE
AGREEMENT WITH COMPANIES OWNED BY CORONADO GLOBAL RESOURCES INC.
    * RAMACO RESOURCES - CONTRACTED TO SELL 1.67 MILLION TONS OF
LOW
VOLATILE, HIGH VOLATILE COAL AT OVERALL AVERAGE PRICE OF ROUGHLY
$196/SHORT TON FOB MINE
    * RAMACO RESOURCES INC - CASH CONSIDERATION FOR ACQUISITION
IS $30
MILLION TO BE PAID AT CLOSING
    * RAMACO RESOURCES - EARNINGS FROM DOMESTIC SALES ARE
ESTIMATED TO
GENERATE ROUGHLY $190 MILLION OF ADJUSTED EBITDA IN 2022
    * RAMACO RESOURCES INC - BALANCE OF ROUGHLY 1.5 MILLION TONS
OF
2022 PRODUCTION WILL BE SOLD INTO EXPORT MARKETS
    * RAMACO RESOURCES - BOARD AUTHORIZED INITIATION OF REGULAR
QUARTERLY DIVIDEND TO BE PAID BEGINNING IN Q1 OF 2022

Source text for Eikon:  ID:nPn6ZmFkBa 
Further company coverage:  METC.O 

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