Search: News Price
Home |  Register |  Price Index  |  Publication |  Consultancy |  Data |  Events |  Enquiry |  Language
Apr.27.2024 1USD=7.1056RMB
  SteelHome >>>>Market Info>>International Dynamics
 
Glencore Announces Q3 2019 and 9M 2019 Coal Production Report

https://en.steelhome.com [SteelHome] 2019-10-29 08:57:27

share to social network site

Operating Highlights

Coal production of 104.0 million tonnes was 7.3 million tonnes (8%) higher than the comparable prior period, mainly reflecting the full year effect of the HVO and Hail Creek acquisitions in 2018, and higher production at Prodeco following its increased mine development in 2018, partly offset by lower production from Cerrejón, due to dust constraints.

Australian coking            

Production of 6.1 million tonnes was 0.7 million tonnes (13%) higher than the comparable prior period, mainly reflecting the full year contribution of Hail Creek (acquired August 2018).

Australian thermal and semi-soft

Production of 59.1 million tonnes was 4.6 million tonnes (8%) higher than the comparable prior period, also reflecting the full year effects of the HVO and Hail Creek acquisitions.

South African thermal

Production of 21.2 million tonnes was 1.0 million tonnes (5%) higher than the comparable prior period, due to contribution from the Zonnebloem mine and improved operational performance at the Goedgevonden complex.

Prodeco

Production of 11.3 million tonnes was 2.6 million tonnes (30%) higher than the comparable prior period, at which time a necessary period of mine development work was ongoing.

Cerrejón

Glencore's attributable share of production was 6.3 million tonnes, down 1.6 million tonnes (20%) on the comparable prior period, mainly due to regulatory constraints on dust emissions, amid a prolonged dry period.

Production from own sources - Coal assets1

Unit: mt

Q3 2018

Q4 2018

Q1 2019

Q2 2019

Q3 2019

YTD 2019

YTD 2018

Change

YTD 19 vs YTD 18 %

Change

Q3 19 vs Q3 18 %

Australian coking coal

2.0

2.1

2.6

1.7

1.8

6.1

5.4

13

(10)

Australian semi-soft coal

0.9

1.4

1.0

2.3

1.8

5.1

2.5

104

100

Australian thermal coal (export)

15.6

14.4

14.9

16.1

16.8

47.8

45.0

6

8

Australian thermal coal (domestic)

2.4

2.4

1.8

2.2

2.2

6.2

7.0

(11)

(8)

South African thermal coal (export)

5.2

4.1

3.8

2.9

3.4

10.1

13.2

(23)

(35)

South African thermal coal (domestic)

2.7

3.0

3.3

4.1

3.7

11.1

7.0

59

37

Prodeco

3.2

3.0

3.6

3.7

4.0

11.3

8.7

30

25

Cerrejón2

2.7

2.3

2.2

2.0

2.1

6.3

7.9

(20)

(22)

Total Coal department

34.7

32.7

33.2

35.0

35.8

104.0

96.7

8

3

1. Controlled industrial assets and joint ventures only. Production is on a 100% basis except for joint ventures, where the Group's attributable share of production is included.

2. The Group's pro-rata share of Cerrejón production (33.3%)

Full Year 2019 Production Guidance

Unit: mt

Actual FY 2017

Actual FY 2018

Actual YTD 2019

Guidance FY 2019

Coal

121

129

104

145 ± 3

Related Link: Official Document


(To contact the reporter on this story: crystal.lin@steelhome.cn or 86-555-2238927)
Related News
上海市通信管理局
沪B2-20040629
Copyright© 2004-. SteelHome.com. All Rights Reserved
Shanghai SteelHome Information Technology Co., Ltd    Tel: +86) 021-50585733, 50585358    Fax: 021-50585277