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SunCoke Energy provides 2012 Outlook
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Wednesday, 30 Nov 2011
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SunCoke Energy Inc has provided an outlook for its business in 2012 including guidance on coke and coal production, earnings, capital expenditures and other key financial measures.

Full year 2012 Adjusted EBITDA is projected to be between USD 250 million and USD 280 million

2012 capital expenditures, including investments, are anticipated to be approximately USD150 million

Domestic coke production is expected to increase to 4.0 million tons to 4.2 million tons in 2012, primarily due to the start up of the new Middletown, Ohio coke making facility

Coal production is projected to increase by 400,000 tons to about 1.8 million tons in 2012

Mr Frederick “Fritz” A Henderson chairman & CEO of SunCoke Energy, Inc said “2011 was a foundational year for SunCoke and one that positioned us well for the future. In 2012, we expect adjusted EBITDA to be between USD 250 million to USD 280 million, a projected increase of at least USD 100 million versus 2011. We expect this projected increase will be driven by production at our new Middletown, Ohio facility, year over year improvement in our Indiana Harbor operations and higher sale prices and production volumes in our coal mining segment.”

Mr Henderson continued, “In addition, in 2012 we expect to make further progress on our long-term strategic objective to grow our global coke making business by focusing on our entry into India and obtaining permits for a new US coke making plant in anticipation of an eventual market recovery.”

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