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Whitehaven reports increased metallurgical coal sales

Published by
World Coal,


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.

Highlights

  • Continuing improvement in safety performance.
  • TRIFR 7.2 at the end of December from 9.9 at the end of September.
  • Record managed quarterly and half year metallurgical coal sales of 1200 t and 2000 t respectively.
  • Managed quarterly ROM coal production 5500 t.
  • Managed quarterly saleable coal production 5100 t for quarter, up 2% on previous corresponding period.
  • Managed quarterly coal sales 5300 t , up 7% on previous corresponding period.
  • First half managed ROM coal production 10 900 t, up 17% on previous corresponding period.
  • First half managed saleable coal production 10 200 t, up 10% on previous corresponding period.
  • First half managed coal sales 10 300 t, up 9% on previous corresponding period.
  • Maules Creek operating at 10 500 tpy rate at half year end.
  • Expansion to the 400 m wide panel at Narrabri on schedule to commence production in the June quarter FY2017.
  • Read the article online at: https://www.worldcoal.com/coal/16012017/whitehaven-reports-increasing-metallurgical-coal-sales/

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