James River Coal posts bigger loss on weak prices
Nov 7 (Reuters) - James River Coal Co reported a wider quarterly loss as weak demand from steelmakers and power producers pushed down coal prices.
James River Coal, like Patriot Coal Corp, has been struggling with high-cost operations and weak cashflow. Patriot Coal filed for bankruptcy protection in July.
James River Coal's net loss widened to $20.6 million, or 59 cents per share, in the third quarter, from $3.7 million, or 11 cents per share, a year earlier.
Revenue fell 5 percent to $288.1 million.
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