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Stock Market & Financial Investment News

News Breaks
November 20, 2012
05:56 EDTSXCSunCoke Energy and VISA Steel announce Indian joint venture
VISA Steel Limited and SunCoke Energy announced that they have entered into agreements to form a cokemaking joint venture in India. SunCoke Energy will invest approximately $67M to acquire a 49% interest in the joint venture. VISA Steel will hold the remaining 51%. The joint venture, which will be unlevered at closing, will be comprised of VISA Steel's existing 400,000 MT per annum heat recovery coke plant and associated steam generation units at Kalinganagar in Odisha, India. The transaction is expected to close in Q1, subject to customary conditions, including approval from VISA Steel shareholders.
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July 24, 2014
08:08 EDTSXCSunCoke Energy backs FY14 Adjusted EBITDA view of $220M-$240M
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08:06 EDTSXCSunCoke Energy reports Q2 EPS ex-items 3c, consensus (6c)
Reports Q2 revenue $372.2M, consensus $387.75M. Result includes $51.0M, or 74c per share, of costs for the net after-tax impact of the $103.1M Coal Mining impairment charge. Reports Q2 adjusted EBITDA $60.5M. The company said, "Excluding impairment charges, Adjusted EBITDA in the second quarter was driven by the contribution of our new Coal Logistics business and higher fees earned at Indiana Harbor due to last fall's contract renewal."
July 23, 2014
16:35 EDTSXCSunCoke Energy provides update on coal mining divestiture
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16:31 EDTSXCSunCoke Energy authorizes $150M share repurchase program
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