Grosvenor spurs Anglo met coal production

ANGLO American’s export metallurgical coal production in the June quarter increased by 4% to 5.5 million tonnes due to the first longwall production in May from its Grosvenor coal mine, which the company is now close to selling to either BHP Billiton Mitsubishi Alliance or ACMI as part of its exit from coal.

Lou Caruana

A longwall move at Grasstree in the prior year, partially offset by ramp-up at Moranbah after the completion of the longwall move in the prior quarter.

Full year production guidance for export metallurgical coal remains unchanged at 21-22 million tonnes.

“This is subject to the completion of any asset disposals,” the company said.

Export thermal coal production decreased by 6% to 8.1 million tonnes due to ramping down production at Drayton where mining activities will cease in late 2016 and planned production cuts at Cerrejon, partly offset by higher production at most South African Export operations.

Export thermal coal production from South Africa increased by 8% to 4.7 million tonnes.

Production increased across nearly all operations due to productivity improvements.

Eskom related production was broadly unchanged.

Domestic non-Eskom production increased by 15% to 1.8 million tonnes mainly due to Zibulo and Landau export production re-directed to the domestic market generating a higher margin.

Full year production guidance for export thermal coal from South Africa and Colombia remains unchanged at 28–30 million tonnes.

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