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Corsa Coal narrows FY16 loss, expects to raise coal output in 2017

TSX-V-listed metallurgical, thermal and  industrial coal producer Corsa Coal has narrowed its net loss for 2016 to $34.14-million, compared with the loss of $152.99-million in 2015. Adjusted earnings before interest, taxes, depreciation and amortisation improved to $6.63-million, compared with $5.36-million the year before.