|
METALLURGICAL COAL
Export metallurgical coal production decreased by 33% to 4.2 million
tonnes, due to the suspension of operations at Grosvenor following
the underground gas incident in May 2020, and lower Moranbah
production owing to geotechnical challenges. Open cut operations
have been scaled back at Dawson and Cap coal in response to reduced
demand for lower quality metallurgical coal, while Grass tree
benefited from not having a longwall move.
The ratio of hard coking coal production to PCI/semi-soft coking
coal was 77:23, lower than in Q4 2019 (81:19),due to a lower
proportion of product coming from the underground operations. The
average realised price for hard coking coal was $112/tonne, which
was lower than the benchmark price of $124/tonne as sales consisted
of a lower proportion of premium quality hard coking coal from
Moranbah and Grosvenor.
2021 Guidance:
Production guidance for metallurgical coal is unchanged at 18-20
million tonnes, subject to the extent of further Covid-19 related
disruption.
THERMAL COAL
Thermal Coal, South Africa-Export
thermal coal production decreased by 10% to 4.1 million tonnes
despite strong underlying operational performance, as the mines
continued to operate at 90% capacity due to the impact of Covid-19
measures to help safeguard the workforce, as well as the impact of
sections at Goedehoop reaching their end of life.
Thermal Coal, Colombia-Attributable
export thermal coal production decreased by 85% to 0.3 million
tonnes as a result of a three month strike, which ended in the first
week of December.
The full year weighted average realised price for export thermal
coal from South Africa and Colombia was $55/tonne (South Africa:
$57/tonne; Colombia: $46/tonne). This was 11% lower than the
weighted average quoted FOB price from South Africa and Colombia,
largely due to quality discounts relative to the industry benchmark.
2021 Guidance:
Production guidance for export thermal coal is unchanged at
c.24 million tonnes (Export South Africa c.16 million tonnes;
Colombia c.8 million tonnes (attributable share)), subject to
the extent of further Covid-19 related disruption.
Table 1: Coal Production Overview
|
Coal (’000 t) |
Q4 2020 |
Q4 2019 |
Q4 2020 vs. Q4 2018 |
Q3 2020 |
Q4 2020vs.Q3 2020 |
YTD 2020 |
YTD 2019 |
YTD 2020 vs. YTD 2019 |
|
Metallurgical Coal (Australia) |
4,182 |
6,284 |
(33%) |
4,836 |
14% |
16,822 |
22,852 |
(26%) |
|
Export Thermal Coal (South Africa) |
4,085 |
4,515 |
(10%) |
4,595 |
(11%) |
16,463 |
17,796 |
7% |
|
Export Thermal Coal (Colombia) |
347 |
2,315 |
(85%) |
1,038 |
(67%) |
4,130 |
8,586 |
(52%) |
Table 2: Coal production by product
|
Coal, by product (tonnes)(1) |
Q4
2020 |
Q3
2020 |
Q2
2020 |
Q1
2020 |
Q4
2019 |
Q4 2020 vs. Q4 2019 |
Q4 2020 vs. Q3 2020 |
2020 |
2019 |
2020 vs. 2019 |
|
Production volumes |
|
Metallurgical Coal |
4,182,400 |
4,836,100 |
3,977,200 |
3,826,200 |
6,283,600 |
(33)% |
(14)% |
16,821,900 |
22,852,200 |
(26)% |
|
Hard Coking Coal |
3,221,200 |
3,969,100 |
3,221,500 |
3,012,200 |
5,117,500 |
(37)% |
(19)% |
13,424,000 |
18,957,100 |
(29)% |
|
PCI / SSCC |
961,200 |
867,000 |
755,700 |
814,000 |
1,166,100 |
(18)% |
11 % |
3,397,900 |
3,895,100 |
(13)% |
|
Export thermal coal |
562,300 |
587,000 |
468,000 |
403,200 |
389,200 |
44 % |
(4)% |
2,020,500 |
1,410,700 |
43 % |
|
Sales volumes |
|
Metallurgical Coal |
4,318,300 |
4,818,000 |
3,901,300 |
3,850,300 |
6,100,100 |
(29)% |
(10)% |
16,887,900 |
22,380,600 |
(25)% |
|
Hard Coking Coal |
3,536,900 |
4,130,000 |
3,305,000 |
2,867,400 |
5,097,200 |
(31)% |
(14)% |
13,839,300 |
19,069,900 |
(27)% |
|
PCI / SSCC |
781,400 |
688,000 |
596,300 |
982,900 |
1,002,900 |
(22)% |
14 % |
3,048,600 |
3,310,700 |
(8)% |
|
Export thermal coal |
725,800 |
500,100 |
651,700 |
407,200 |
500,900 |
45 % |
45 % |
2,284,800 |
1,807,600 |
26 % |
Anglo American’s attributable share of production.
Table 3:
Metallurgical coal production by operation
|
Metallurgical coal, by operation (tonnes)(1) |
Q4
2020 |
Q3
2020 |
Q2
2020 |
Q1
2020 |
Q4
2019 |
Q4 2020 vs. Q4 2019 |
Q4 2020 vs. Q3 2020 |
2020 |
2019 |
2020 vs.
2019 |
|
Metallurgical Coal |
4,182,400 |
4,836,100 |
3,977,200 |
3,826,200 |
6,283,600 |
(33)% |
(14)% |
16,821,900 |
22,852,200 |
(26)% |
|
Moranbah North |
1,209,200 |
2,008,500 |
761,800 |
450,800 |
2,332,600 |
(48)% |
(40)% |
4,430,300 |
6,148,400 |
(28)% |
|
Grosvenor |
- |
4,500 |
560,900 |
540,900 |
1,011,700 |
n/a |
n/a |
1,106,300 |
4,721,900 |
(77)% |
|
Capcoal (incl. Grasstree) |
1,680,900 |
1,328,800 |
1,221,900 |
1,383,300 |
1,270,300 |
32 % |
26 % |
5,614,900 |
5,932,000 |
(5)% |
|
Dawson |
461,200 |
588,300 |
638,400 |
741,200 |
842,500 |
(45)% |
(22)% |
2,429,100 |
2,953,000 |
(18)% |
|
Jellinbah |
831,100 |
906,000 |
794,200 |
710,000 |
826,500 |
1 % |
(8)% |
3,241,300 |
3,096,900 |
5 % |
1.
Anglo American’s attributable share of production.
Table 4: Thermal coal production
|
Thermal Coal (tonnes)(1) |
Q4
2020 |
Q3
2020 |
Q2
2020 |
Q1
2020 |
Q4
2019 |
Q4 2020 vs. Q4 2019 |
Q4 2020 vs. Q3 2020 |
2020 |
2019 |
2020 vs.
2019 |
|
Production volumes |
|
Thermal Coal |
8,059,500 |
9,575,400 |
8,293,000 |
8,680,400 |
9,340,800 |
(14)% |
(16)% |
34,608,300 |
36,427,600 |
(5)% |
|
Export - South Africa(2) |
4,085,000 |
4,595,400 |
3,587,600 |
4,195,100 |
4,515,100 |
(10)% |
(11)% |
16,463,100 |
17,795,600 |
(7)% |
|
Export - Colombia(3) |
347,000 |
1,037,700 |
767,400 |
1,977,900 |
2,314,900 |
(85)% |
(67)% |
4,130,000 |
8,586,100 |
(52)% |
|
Domestic - South Africa |
3,627,500 |
3,942,300 |
3,938,000 |
2,507,400 |
2,510,800 |
44 % |
(8)% |
14,015,200 |
10,045,900 |
40 % |
|
Sales volumes |
|
Thermal Coal |
10,086,000 |
10,854,100 |
10,502,900 |
11,389,000 |
12,438,300 |
(19)% |
(7)% |
42,831,600 |
47,609,900 |
(10)% |
|
Export - South Africa(2) |
4,872,100 |
4,512,700 |
3,264,300 |
3,924,000 |
4,880,100 |
(0)% |
8 % |
16,573,100 |
18,148,400 |
(9)% |
|
Export - Colombia(3) |
369,900 |
993,800 |
1,142,500 |
2,028,000 |
2,260,800 |
(84)% |
(63)% |
4,534,100 |
8,773,800 |
(48)% |
|
Domestic - South Africa |
2,994,600 |
3,407,700 |
3,558,700 |
2,408,400 |
2,172,700 |
38 % |
(12)% |
12,369,200 |
9,767,500 |
27 % |
|
Third party sales |
1,849,400 |
1,939,900 |
2,537,400 |
3,028,600 |
3,124,700 |
(41)% |
(5)% |
9,355,200 |
10,920,200 |
(14)% |
1. Anglo American’s attributable share of production.
2. Includes export primary production, secondary production sold
into export markets and production sold domestically at export
parity pricing.
3. Anglo American’s attributable share of Cerrejón production is
33.3%.
Table 5: Thermal coal production by operation
|
Thermal Coal, by operation (tonnes)(1) |
Q4
2020 |
Q3
2020 |
Q2
2020 |
Q1
2020 |
Q4
2019 |
Q4 2020 vs. Q4 2019 |
Q4 2020 vs. Q3 2020 |
2020 |
2019 |
2020 vs.
2019 |
|
Thermal Coal - South Africa |
7,712,500 |
8,537,700 |
7,525,600 |
6,702,500 |
7,025,900 |
10 % |
(10)% |
30,478,300 |
27,841,500 |
9 % |
|
Goedehoop |
1,907,500 |
1,816,600 |
1,192,500 |
1,207,400 |
1,488,800 |
28 % |
5 % |
6,124,000 |
6,066,300 |
1 % |
|
Greenside |
938,000 |
1,199,000 |
1,179,100 |
1,177,900 |
1,428,700 |
(34)% |
(22)% |
4,494,000 |
4,845,900 |
(7)% |
|
Zibulo |
1,099,900 |
1,429,900 |
1,331,100 |
1,291,700 |
1,351,000 |
(19)% |
(23)% |
5,152,600 |
5,359,300 |
(4)% |
|
Khwezela |
1,444,200 |
1,735,100 |
1,383,700 |
1,619,400 |
1,530,300 |
(6)% |
(17)% |
6,182,400 |
5,760,800 |
7 % |
|
Mafube |
491,300 |
503,100 |
339,200 |
484,600 |
481,200 |
2 % |
(2)% |
1,818,200 |
1,807,500 |
1 % |
|
Other |
1,831,600 |
1,854,000 |
2,100,000 |
921,500 |
745,900 |
146 % |
(1)% |
6,707,100 |
4,001,700 |
68 % |
|
Thermal Coal –
Colombia (Cerrejón) |
347,000 |
1,037,700 |
767,400 |
1,977,900 |
2,314,900 |
(85)% |
(67)% |
4,130,000 |
8,586,100 |
(52)% |
Source from the official website of Anglo American |
