The company was preparing for an uncertain outlook on coal prices brought about by the pandemic.
The initial concept study shows a potential production output of 6Mtpa of RoM coal.
The company retains a sound fiscal position but considers conservation of capital prudent.
EPA alleges Warkworth did not have appropriate systems in place to minimise dust and fume emissions....
The overburden performance allowed increased run-of-mine coal output.
The immediate benefit will be the increase in attributable revenue.
Wang oversaw the consolidation of Yancoal following the transformative Coal & Allied acquisition.
Moult was managing director and CEO of Centennial from 2011 to 2017.
Cash costs excluding government royalties were reduced to $61 per tonne.
During the quarter, dust and bushfire smoke delays impacted overburden activities.
Demand is subject to pending policy decisions in several key markets.
Approximately 44 employees will be retained at Austar to undertake ongoing care and maintenance.