CoAL shares fall as much as 17% after posting $111.7m first-half loss, up from $74.7m a year earlier, with revenue from coal sales falling as six-week Mooiplaats strike hits output SHARES in Coal of Africa (CoAL) fell as much as 17% on Friday to their lowest intraday level in more than two months after the coal producer reported a widening in its half-year loss.The Australian- and JSE-listed exploration and mining company on Friday reported a wider loss for the six months to end-December, at $111.7m, or 14.39c per share, compared with $74.7m or 13.36c per share for the prior corresponding period.Revenue from the sale of coal for the six months totalled $87.3m, down from $125.8m for the year-earlier period. This was due in part to lower coal prices, as well as a fall in production as a result of a strike, which led to lower sales volumes.The loss included noncash charges of $98.3m, including an impairment loss of $50m and net foreign exchange losses of $21.6m — which represent unreal...
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