Longwalls give Centennial a boost in third quarter

CENTENNIAL Coal, owned by Thai energy company Banpu, has benefitted from improved longwall performance at its New South Wales mines in the third quarter.

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Longwalls give Centennial a boost in third quarter Longwalls give Centennial a boost in third quarter Longwalls give Centennial a boost in third quarter Longwalls give Centennial a boost in third quarter Longwalls give Centennial a boost in third quarter

Underground at Centennial Coal's Mandalong mine in NSW.

The more productive longwalls helped lower the average cost of sale 26% from 2Q19 to A$65.3 per tonne, and lifted the gross profit margin to 27% from 11% previously.

Centennial's sales of 2.