Scheduling issues at Hail Creek causes lower Glencore coking coal production

PRODUCTION of coking coal at Glencore’s operations for the March quarter was 31% lower than the previous corresponding period to 1.8 million tonnes as the company sought to manage the timing of coking coal extraction at its Hail Creek mine in Queensland.
Scheduling issues at Hail Creek causes lower Glencore coking coal production Scheduling issues at Hail Creek causes lower Glencore coking coal production Scheduling issues at Hail Creek causes lower Glencore coking coal production Scheduling issues at Hail Creek causes lower Glencore coking coal production Scheduling issues at Hail Creek causes lower Glencore coking coal production

Glencore's Hail Creek mine in Queensland.

Glencore said it expected to make up production shortfalls at the Hail Creek open cut mine later in the year.

Overall coal production for Glencore of 31.9Mt was 1.3Mt, or 4% lower, than Q1 2019, mainly reflecting operating challenges in South Africa and mining sequencing in the Australian coking portfolio, partly offset by higher Australian thermal coal production.

Glencore's Australian thermal and semi-soft production of 18.1Mt was 400,00t or 2% higher than Q1 2019.

Glencore CEO Ivan Glasenberg said the global impact of the COVID-19 pandemic disruptions to its business had, to date, been manageable.

"The majority of our assets are operating relatively normally, a credit to our people that have stepped up to the challenge of a changed working environment, especially those who continue to carry out their work on site at our industrial assets - Glencore's frontline," he said.

"Given our strong liquidity position and resilient business model, we are well positioned to navigate the current challenges.

"We recognise the uncertainty caused by the current environment and endeavour to support our stakeholders, as appropriate."

 

  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Pandemic no impediment. Read more.
  • Latest COVID-19 Coverage: Like sand through the hourglass. Read more