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BHP update on coal mining & sales in Jan-March’19

Coal News - Published on Wed, 17 Apr 2019

Image Source: bhp.com
Metallurgical coal – Metallurgical coal production was broadly flat at 31 million tonne (54 million tonne on a 100% basis). Guidance for the 2019 financial year remains unchanged at between 43 million tonne and 46 million tonne (75 million tonne and 81 million tonne on a 100% basis).

At Queensland Coal, increased yields at South Walker Creek and higher wash-plant throughput at Poitrel following the purchase of the Red Mountain processing facility supported record production at BMC. Despite record stripping, BMA’s production decreased slightly due to the scheduled longwall move at Broadmeadow in the December 2018 quarter and unfavourable weather impacts in the March 2019 quarter. On 27 March 2019, BMA completed the sale of the Gregory Crinum Mine to Sojitz Corporation.

Energy coal – Energy coal production was broadly flat at 20 million tonne. Guidance for the 2019 financial year remains unchanged at approximately 28 to 29 million tonne.

New South Wales Energy Coal production increased five per cent supported by record stripping performance. Production guidance remains unchanged at between 18 and 19 Mt for the 2019 financial year. However, following optimisation of the mine plan through the construction of Multiple Elevated Roadways (MERs) which will reduce future cycle times, the focus on higher quality products and challenges with labour hire attraction and retention, unit costs for New South Wales Energy Coal are now expected to be approximately USD 51 per tonne, an increase from previous guidance of between USD 43 and USD 48 per tonne. Ongoing labour hire challenges are being addressed, including through the initial deployment of BHP Operations Services in the June 2019 quarter.

Cerrejón production decreased by 8% due to adverse weather and its impacts on mine sequencing. Production guidance remains unchanged at approximately 10 million tonne for the 2019 financial year.

Queensland Coal Jan-Mar'18Oct-Dec'18Jan-Mar'19YTD'19YTD'18
Production (1)
BMA
Blackwater(kt) 1,384 1,680 1,484 4,868 4,839
Goonyella(kt) 2,314 1,813 2,141 5,943 5,322
Peak Downs(kt) 1,723 1,685 1,468 4,284 4,692
Saraji(kt) 1,240 1,288 1,250 3,649 3,852
Daunia(kt) 547 419 470 1,509 1,927
Caval Ridge(kt) 775 809 795 2,793 3,041
Total BMA(kt) 7,983 7,694 7,608 23,046 23,673
Total BMA (100%)(kt) 15,966 15,388 15,216 46,092 47,346

BHP Mitsui Coal (2)
South Walker Creek(kt) 1,490 1,636 1,429 4,570 4,414
Poitrel(kt) 906 942 840 2,891 2,544
Total BHP Mitsui Coal(kt) 2,396 2,578 2,269 7,461 6,958

Total Queensland Coal(kt) 10,379 10,272 9,877 30,507 30,631
Total Queensland Coal (100%)(kt) 18,362 17,966 17,485 53,553 54,304

Sales
Coking coal(kt) 7,177 7,514 7,221 22,091 21,452
Weak coking coal(kt) 2,598 3,058 3,282 9,153 8,564
Thermal coal(kt) 168 157 379 677 443
Total(kt) 9,943 10,729 10,882 31,921 30,459
Total (100%)(kt) 17,658 18,818 19,176 56,096 53,921
 


NSW Energy Coal, Australia Jan-Mar'18Oct-Dec'18Jan-Mar'19YTD'19YTD'18
Production(kt) 3,662 4,311 4,552 12,845 12,280

Sales
Export thermal coal(kt) 3,181 4,809 3,529 11,887 10,851
Inland thermal coal(kt) 400 393 302 1,027 1,216
Total(kt) 3,581 5,202 3,831 12,914 12,067
 


Cerrej'n, Colombia Jan-Mar'18Oct-Dec'18Jan-Mar'19YTD'19YTD'18
Production(kt) 2,444 2,356 2,199 7,213 7,855

Sales thermal coal - export(kt) 2,480 2,297 2,200 7,086 7,617
 

Source :

Posted By : Rabi Wangkhem on Wed, 17 Apr 2019
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