The company sold 372,000 tons of coal at an average realised price of $US81 per ton during the quarter. Thermal coal sales were 299,000tons at an average realised price of $75/t FOB preparation plant.

Metallurgical coal sales were 73,000t at an average realised price of $104/t FOB preparation plant.

Corsa Coal president Keith Dyke said that during the third quarter, Kopper Glo and Wilson Creek posted strong operating results, with Kopper Glo increasing its tons sold from 2012 levels.

“The operations continue to improve in every area, including safety and cost reductions,” he said.

“Demand for our coal has remained firm in both markets and the company expects the market pricing to improve in 2014. We have high quality coals in each of our market segments and we continue to expand and diversify our customer base.

“With high-quality products and low operating costs, we will continue to execute the business plan and grow our company.”

The company’s balance sheet boasted cash reserves of $16.9 million, total assets of $203.5 million and total debt of $18.3 million at September 30, 2013.

“The strong financial position of Corsa should allow us to take advantage of opportunities in acquisitions and internal expansion projects,” Dyke said.

“The revenues and Adjusted EBITDA increases from year over year are encouraging, considering the market environment and in comparison to the performance of other public coal companies in North America. The dedication and skills of all our employees and the management teams are second to none in the industry.”

Corsa’s coal sales guidance for 2013 is approximately 1,255,000t. Thermal coal sales guidance for 2013 is approximately 1,100,000t and metallurgical coal sales guidance is approximately 155,000t.

The 2013 coal sales guidance for metallurgical coal only covers the period from August to December 2013.