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Highlights
OPERATIONS
ROM production for the December quarter was 6.6 Mt, down 12.8% on the
previous quarter. ROM production for FY19 totalled 30.8 Mt, in line with
the prior year.
Saleable production for the December quarter was 4.6Mt, down 12.4% on
the September quarter. Total saleable production for FY19 was 0.2Mt and
in line with the prior year. Curragh total saleable production for Y19
was 12.5 Mt, up 3.2% on FY18.
Reduced ROM and saleable production for the December quarter were due to
higher inventories at US operations and an extended planned maintenance
shutdown at Curragh.
COAL SALES
December quarter sales volumes of 4.7 Mt were down 5.1% on the previous
quarter, primarily due to reduced sales from US operations as Atlantic
Basin demand weakened and shipments to China were suspended.
Metallurgical coal as a proportion of saleable production was 83.7% for
the September quarter, 2.2% lower compared to the June 2019 quarter.
Total sales volumes for FY19of 19.9Mt were slightly below the previous
year volumes of 20.2Mt. Curragh FY19 sales volume of 12.8 Mt was 6.3%
higher than FY18.
Metallurgical coal as a proportion of saleable production was 80.9% for
the December quarter and 83.7% for FY19, up 0.9% over the previous year.
Export sales for the December quarter of 75.0% were in line with the
previous quarter. Total export sales for FY19 of 75.7% was up7.2% over
the prior year.
Group realised metallurgical coal price of $111.8 per tonne for the
December quarter (average for all grades with a mix of FOR and FOB
pricing) was down11.2% compared to the prior quarter.
Production and Sales
Quarterly Production and Sales Performance (Unaudited)
|
Summary Information |
|
Dec Q19 |
Sep Q19 |
Change |
Dec 19 YTD |
Dec 18 YTD |
Change |
|
ROM Production |
Mt |
6.6 |
7.6 |
-12.8% |
30.8 |
30.7 |
0.2% |
|
Curragh |
Mt |
3.7 |
3.8 |
-2% |
16.4 |
15.4 |
6.4% |
|
Buchanan |
Mt |
1.4 |
1.9 |
-24.8% |
6.9 |
7.2 |
-4.4% |
|
Logan |
Mt |
1.3 |
1.6 |
-22.2% |
6.6 |
7.0 |
-7.0% |
|
Greenbrier |
Mt |
0.2 |
0.2 |
- |
0.9 |
1.1 |
-10.1% |
|
Saleable Production |
Mt |
4.6 |
5.2 |
-12.4% |
20.2 |
20.2 |
0.3% |
|
Curragh |
Mt |
3.1 |
3.1 |
- |
12.5 |
12.1 |
3.2% |
|
Buchanan |
Mt |
0.9 |
1.2 |
-27.4% |
4.5 |
4.7 |
-4.8% |
|
Logan |
Mt |
0.5 |
0.7 |
-27.8% |
2.7 |
2.7 |
-2.0% |
|
Greenbrier |
Mt |
0.1 |
0.2 |
-48.9% |
0.6 |
0.6 |
- |
|
% Met coal |
% |
80.9% |
83.7% |
-3.4% |
83.7% |
82.9% |
0.9% |
|
Sales Volumes |
Mt |
4.7 |
4.9 |
-5.1% |
19.9 |
20.2 |
-1.0% |
|
Curragh |
Mt |
3.3 |
3.1 |
5.8% |
12.8 |
12.0 |
6.3% |
|
Buchanan |
Mt |
0.8 |
1.0 |
- 21.7% |
4.2 |
4.8 |
- 13.0% |
|
Logan |
Mt |
0.5 |
0.6 |
-19.0% |
2.5 |
2.6 |
- 4.0% |
|
Greenbrier |
Mt |
0.0 |
0.1 |
-65.8% |
0.4 |
0.7 |
- 36.0% |
|
Sales Mix |
|
|
|
|
Met Coal |
% |
76.3% |
79.5% |
-3.9% |
78.8% |
78.5% |
0.3% |
|
Thermal Coal |
% |
23.7% |
20.5% |
15.2% |
21.2% |
21.5% |
-1.2% |
|
Export Sales |
% |
75% |
75.0% |
- |
75.7% |
70.6% |
7.2% |
|
Domestic Sales |
% |
25% |
25.0% |
- |
24.3% |
29.4% |
-17.3% |
|
AU – Realised Met price (FOB) |
US$/t |
119.7 |
136.8 |
-12.5% |
140.4 |
154.6 |
-9.2% |
|
Index Price |
US$/t |
140.1 |
161.5 |
-13.3% |
177.6 |
206.8 |
-14.1% |
|
% of Index |
% |
85.4% |
84.7% |
0.7% |
79.1% |
74.8% |
-4.3% |
|
US – Realised Met price (FOR) |
US$/t |
96.6 |
109.9 |
-12.0% |
111.3 |
107.0 |
4.0% |
|
% of Index |
% |
68.9% |
68.0% |
-0.1% |
62.7% |
69.2% |
-6.5% |
|
Group - Realised Met price |
US$/t |
111.8 |
125.9 |
-11.2% |
128.8 |
133.3 |
-3.3% |
|
% of Index |
% |
79.8% |
78.0% |
1.8% |
72.5% |
86.2% |
-13.7% |
Related Link:
Official Document |
