Whitehaven reports increased metallurgical coal sales
Published by Louise Mulhall,
Managed coal sales in the December quarter were 5251 t, 7% higher than the previous corresponding period. Equity coal sales in the December quarter were 3953 t, 5% higher than the previous corresponding period.
Metallurgical coal sales comprised 22% of equity coal sales while low CV thermal coal sales fell to 8% of equity sales. Sales of metallurgical coal achieved a new quarterly record in the December quarter and were 43% higher than in the September quarter as production and sales of Maules Creek semi soft metallurgical coal gathered momentum. Managed and equity coal sales for the first half were 10 278 and 7758 t, 9% and 6% higher respectively, than the previous corresponding period. Managed metallurgical coal sales for the half were 2000 t an increase of 58% on the previous corresponding period and a new period record. Metallurgical coal sales from Maules Creek mine in the December quarter represented 29% of the total coal sales from the mine. The semi soft metallurgical coal output from the mine continues to attract strong market interest especially in a period where many steel makers were trying to reduce the use of high priced hard metallurgical coal. The low ash, sulfur and phosphorous characteristics combined with good metallurgical properties of the coal from Maules Creek continue to attract new customers.
Read the article online at: https://www.worldcoal.com/coal/16012017/whitehaven-reports-increasing-metallurgical-coal-sales/
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