HVO and Hail Creek kick in for Glencore

THE loss of production Glencore suffered due to selling its Tahmoor colliery in New South Wales has been more than offset by the contribution in the March quarter from the company’s acquisition of a share of the HVO and the Hail Creek mines.
HVO and Hail Creek kick in for Glencore HVO and Hail Creek kick in for Glencore HVO and Hail Creek kick in for Glencore HVO and Hail Creek kick in for Glencore HVO and Hail Creek kick in for Glencore

Glencore's Hail Creek mine in Queensland.

Total coal production of 33.2 million tonnes was 2.5Mt or 8% higher than Q1 2018. 

 

Thermal coal production of 17.7Mt was in line with Q1 2018, reflecting the offsetting impacts of the 2018 acquisitions and a longwall move at Ulan West in Q1 2019 and closure of South Blakefield in mid-2018.

 

Glencore wound down its Australian domestic thermal coal production by 25% to 1.8Mt in the quarter, compared to a 5% increase in quarterly export production to 14.9Mt.

 

Coking coal production of 2.6Mt was 1Mt or 63% higher than Q1 2018, mainly reflecting the acquisition of the Hail Creek mine.

 

Sequentially against the more comparable Q4 2018, production was up 500,000t, reflecting a stronger performance at the Oaky Creek mine complex in Queensland.