Anglo American: 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 Capcoal in response to reduced demand for lower quality metallurgical coal, while Grasstree 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.
Production guidance for metallurgical coal is unchanged at 18-20 million tonnes, subject to the extent of further Covid-19 related disruption.
Source: Quarterly results of Anglo American
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