South32 expects lower coal production from Illawarra
Published by Harleigh Hobbs,
Editor
World Coal,
South32 has reported that it expects production at Illawarra Metallurgical Coal in FY17 to be at least 10% below previous guidance of 7.9 million t.
On 7 May 2017, elevated gas concentrations were recorded at Appin Area 7. All personnel were safely evacuation. The company informed the New South Wales Department of Planning and Environment (Resource Regulator) of the incident and a prohibition notice has been issued.
Production at the Area 7 and 9 longwalls, which form part of the broader Illawarra metallurgical coal operation, has been suspended until South32’s investigation into the incident is completed.
A revised production forecast for FY17 will be provided in due course, with the decrease expected to translate directly to sales given low inventory levels. A commensurate increase in unit costs is also anticipated.
Read the article online at: https://www.worldcoal.com/coal/11052017/south32-expects-lower-coal-production-from-illawarra/
You might also like
IEA: Global coal demand set to increase this year amid Middle East conflict
Energy market disruptions are pushing global coal demand higher this year as sharp rises in natural gas prices prompt countries to turn to alternative sources, according to the IEA’s latest update on the coal sector.