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Petmin anthracite sales rise in 3Q16

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World Coal,

Petmin recorded a 2% increase in its 3Q16 anthracite sales from its Somkhele mine in KwaZulu-Natal, South Africa.

Tonnes sold totalled 0.364 million t in the three months to September, compared to 0.355 million t in 3Q15. The increase in sales comes despite a 3% year-on-year fall in production at the mine.

Thermal coal production was up 1%; sales were down 34% however on timing issues related to planned export vessels and “is not reflective of the continued strong demand for this product, the company said.

On the price front, average export prices for the company’s anthracite were 18% lower than the average price achieved in the year ending 30 June 2016. Domestic prices were unchanged.

Mine-gate thermal coal prices were 1% up on those achieved in the year to 30 June 2016.

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South Africa coal news Anthracite coal news