The report listed sales of 1.3 million tons of coal at an average price per ton of $US79 ($A85) in the year ended December 31, 2013.
Thermal coal sales were 1.13MT at an average realised price of $74 per ton.
Metallurgical coal sales were 158,000t at an average realised price per ton of $US111.
The company’s coal sales forecast for 2014 is approximately 1.4Mt.
CC cited colder than normal winter conditions and higher natural gas prices for the increased demand, which began in December 2013 and continued throughout the northern winter, resulting in stabilising price and demand.
The current forecast for thermal coal sales in 2014 is 1Mt, with sales contracts of 980,000t in place.
In the first quarter of 2014, thermal coal sales of 240,000-250,000t are expected.
The prediction for metallurgical coal sales is 400,000t, with sales contracts of 312,000t are in place.
In the first quarter of 2014, metallurgical coal sales of 40,000-55,000t are expected.
At December 31, 2013, the company had cash of $20 million.
During 2013, the primary source of cash was sales collections of $101.5 million.
The company also received cash of $9.82 million from the Quintana Transaction.
It had working capital of $7.4 million as of December 31, and a working capital deficit of $5.13 million.
The total debt was $20 million compared with $10.3 million at December 31, 2012.
The shareholders’ equity of the company was $129 million compared with $21 million at December 31, 2012.