Coal price rally fuels FIFO boom

Coal price rally fuels FIFO boom

Image: Vyacheslav Svetlichnyy/shutterstock.comRising coal prices are giving Australia’s fly-in, fly-out (FIFO) sector a major boost. Civeo Corporation, a US camp operator, posted an 18 per cent jump in Australian profits and expects further gains as Queensland miners ramp up activity. According to the Australian Financial Review, Civeo’s Australian division generated $US51.9 million ($74.1 million) in profit last year, offsetting losses in Canad…