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Glencore Announces Q4 2019 Coal Production Report

https://en.steelhome.com [SteelHome] 2020-02-19 17:05:52

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Operating Highlights

Coal production of 139.5 million tonnes was 10.1 million tonnes (8%) higher than in 2018, mainly reflecting the full-year effects of the acquisitions of HVO (acquired in May 2018) and Hail Creek (August 2018). Prodeco’s year over year contribution reflected a period of additional mine development in the base period, while Cerrejon’s 2019 production was constrained by dust emissions control requirements.

Australian coking            

Production of 9.2 million tonnes was 1.7 million tonnes (23%) higher than in 2018, mainly reflecting the full-year contribution of Hail Creek.

Australian thermal and semi-soft

Production of 79.2 million tonnes was 6.5 million tonnes (9%) higher than in 2018, reflecting the full-year contributions from HVO and Hail Creek.

South African thermal

Production of 26.9 million tonnes was broadly in line with 2018.

Prodeco

Production of 15.6 million tonnes was 3.9 million tonnes (33%) higher than in 2018, reflecting additional mine development activities carried out in the base period.

Cerrejón

Attributable production of 8.6 million tonnes was 1.6 million tonnes (16%) lower than in 2018, primarily reflecting constraints on production to limit dust emissions.

Production from own sources - Coal assets1

Unit: mt

Q4 2018

Q1 2019

Q2 2019

Q3 2019

Q4 2019

2019

2018

Change

19 vs 18 %

Change

Q4 19 vs Q4 18 %

Australian coking coal

2.1

2.6

1.7

1.8

3.1

9.2

7.5

23

48

Australian semi-soft coal

1.4

1.0

2.3

1.8

1.3

6.4

3.9

64

-7

Australian thermal coal (export)

14.4

14.9

16.1

16.8

16.4

64.2

59.4

8

14

Australian thermal coal (domestic)

2.4

1.8

2.2

2.2

2.4

8.6

9.4

-9

-

South African thermal coal (export)

4.1

3.8

2.9

3.4

2.9

13.0

17.3

-25

-29

South African thermal coal (domestic)

3.0

3.3

4.1

3.7

2.9

13.9

10.0

39

-7

Prodeco

3.0

3.6

3.7

4.0

4.3

15.6

11.7

33

43

Cerrejón2

2.3

2.2

2.0

2.1

2.3

8.6

10.2

-16

-

Total Coal department

32.7

33.2

35.0

35.8

35.5

139.5

129.4

8

9

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 2020 Production Guidance

Unit: mt

Actual FY 2017

Actual FY 2018

Actual FY 2019

Guidance FY 2020

Coal

121

129

140

135 ± 4

Related Link: Official Document

(To contact the reporter on this story: myron.liu@steelhome.cn or 86-21-50582062 13429227709)
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