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Anglo American Cuts Coal Guidance for 2020

Coal News - Published on Mon, 20 Jul 2020

Image Source: Anglo American Coal Coronavirus COVID19
Anglo American produced 4.4 million tonnes of thermal coal in the second quarter, down 34% versus the same period last year due to lockdowns and mine incidents and 10.5 million tonnes in the first half of 2020, down by a fifth on the year. It expects to produce 21 million tonnes of thermal coal in 2020, down by 4.5% from previous estimates, due to the impact of Covid-19 restrictions. Its metallurgical coal production plunged 32% to 4.0 million tonnes due to two incidents underground at the Moranbah and Grosvenor mines, and longwall moves at Grosvenor and Grasstree, all in Australia. For 2020 overall, Anglo America downgraded its metallurgical coal production guidance to a range of 16-18 million tonnes from 19-21 million tonnes

ItemQ2 2020Q2 2019YoYH1 2020H1 2019YoY
Metallurgical coal (Mt)4.05.8-32%7.810.0-22%
Thermal coal (Mt)(6)4.46.6-34%10.513.2-20%

(6) Reflects export production from South Africa and attributable export production (33.3%) from Colombia.

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Posted By : Yogender Pancholi on Mon, 20 Jul 2020
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