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Feb 17, 2021

Mastermyne stays solid despite coal doldrums

Mastermyne stays solid despite coal doldrums Mastermyne managing director and chief executive officer Tony Caruso.

Mackay-based Mastermyne Group says investing in equipment and keeping a tight rein on costs have helped it deliver a solid result during a low point in the coal price cycle. Revenue dropped to $111 million in the first half of this financial year, compared to $136 million in the previous six-month period, but EBITDA margins…

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