Uitkomst Colliery sells coal to steelmaking and thermal coal markets
The turnaround plan (Operation Phenduka) introduced at the underground Uitkomst Colliery (Uitkomst) earlier this year continues to yield tangible and financial benefits. Importantly these initiatives have not only resulted in positive trends with regards to safety but material improvements in run of mine coal and saleable coal production.
The poor performance of the state utility responsible for rail and port logistics has impacted Uitkomst, leading to higher logistics costs for export customers, resulting in this coal being sold in the domestic market rather than internationally.
The increase in production at consistent volumes has facilitated the reassessment of the colliery’s coal product portfolio including the ability to sell coal to the pulverised steelmaking coal or thermal coal markets. These initiatives are expected to be completed in Q1 CY2024.
