AA’s Hard coking coal to PCI/semi-soft coking coal production was 67:33

Anglo American has reported that its Export metallurgical coal production increased by 5% to 4.4 million tonnes reflecting the increase in production at Dawson, having scaled back production since mid-2020 in response to reduced demand. This was partially offset by operations at Moranbah being impacted by challenging geological conditions for most of the quarter and operating time being limited at the open cut operations by above average rainfall.

At Grosvenor, development activities have progressed well and the longwall is operationally ready for recommencement in Q1 2022, subject to approval from the Queensland Regulator.

The ratio of hard coking coal production to PCI/semi-soft coking coal was 67:33, lower than in Q4 2020 (77:23), due to lower volumes of premium quality hard coking coal from Moranbah and higher volumes of PCI coal from the open cut mines at Dawson.

The full year average realised price for hard coking coal was $211/tonne, as usual this was lower than the full year index price of $226/tonne, but the price realisation increased to 93% (2020: 90%) as a result of higher sales volumes from Moranbah in the second half of the year, in a higher price environment.

2022 GUIDANCE

Production guidance for 2022 is 20-22 million tonnes, subject to the extent of further Covid-19 related disruptions and regulatory approval to restart the Grosvenor longwall mining operations.

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