Stanmore earnings take a hit

Coal miner Stanmore Coal has warned shareholders that its underlying earnings before interest, tax, depreciation and amortization (Ebitda) for the full 2020 will be impacted by the Covid-19 pandemic.

The miner has revised its underlying Ebitda expectations for the full year from between A$92-million and A$100-million to between A$80-million and A$85-million.