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Jun.20.2021 1USD=6.4361RMB
  SteelHome >>>>Market Info>>Special Studies
 
Anglo American Announces 2020 Q4 Coal Production Report

http://en.steelhome.cn [SteelHome] 2021-03-31 11:42:47

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METALLURGICAL COAL

Export metallurgical coal production decreased by 33% to 4.2 million tonnes, due to the suspension of operations at Grosvenor following the underground gas incident in May 2020, and lower Moranbah production owing to geotechnical challenges. Open cut operations have been scaled back at Dawson and Cap coal in response to reduced demand for lower quality metallurgical coal, while Grass tree benefited from not having a longwall move.

The ratio of hard coking coal production to PCI/semi-soft coking coal was 77:23, lower than in Q4 2019 (81:19),due to a lower proportion of product coming from the underground operations. The average realised price for hard coking coal was $112/tonne, which was lower than the benchmark price of $124/tonne as sales consisted of a lower proportion of premium quality hard coking coal from Moranbah and Grosvenor.

2021 Guidance: Production guidance for metallurgical coal is unchanged at 18-20 million tonnes, subject to the extent of further Covid-19 related disruption.

THERMAL COAL

Thermal  Coal, South Africa-Export thermal coal production decreased by 10% to 4.1 million tonnes despite strong underlying operational performance, as the mines continued to operate at 90% capacity due to the impact of Covid-19 measures to help safeguard the workforce, as well as the impact of sections at Goedehoop reaching their end of life.

Thermal  Coal, Colombia-Attributable export thermal coal production decreased by 85% to 0.3 million tonnes as a result of a three month strike, which ended in the first week of December.

The full year weighted average realised price for export thermal coal from South Africa and Colombia was $55/tonne (South Africa:  $57/tonne; Colombia: $46/tonne). This was 11% lower than the weighted average quoted FOB price from South Africa and Colombia, largely due to quality discounts relative to the industry benchmark.

2021 Guidance: Production  guidance  for  export  thermal  coal  is  unchanged  at  c.24  million  tonnes  (Export  South Africa  c.16 million  tonnes;  Colombia  c.8  million  tonnes  (attributable share)),  subject  to  the  extent  of  further  Covid-19 related disruption.

Table 1: Coal Production Overview

Coal (000 t)

Q4 2020

Q4 2019

Q4 2020 vs. Q4 2018

Q3 2020

Q4 2020vs.Q3 2020

YTD 2020

YTD 2019

YTD 2020 vs. YTD 2019

Metallurgical Coal (Australia)

4,182

6,284

(33%)

4,836

14%

16,822

22,852

(26%)

Export Thermal Coal (South Africa)

4,085

4,515

(10%)

4,595

(11%)

16,463

17,796

7%

Export Thermal Coal (Colombia)

347

2,315

(85%)

1,038

(67%)

4,130

8,586

(52%)

Table 2: Coal production by product

Coal, by product (tonnes)(1)

Q4

2020

Q3

2020

Q2

2020

Q1

2020

Q4

2019

Q4 2020 vs. Q4 2019

Q4 2020 vs. Q3 2020

 

2020

 

2019

2020 vs.  2019

Production volumes

Metallurgical Coal

4,182,400

4,836,100

3,977,200

3,826,200

6,283,600

(33)%

(14)%

16,821,900

22,852,200

(26)%

Hard Coking Coal

3,221,200

3,969,100

3,221,500

3,012,200

5,117,500

(37)%

(19)%

13,424,000

18,957,100

(29)%

PCI / SSCC

961,200

867,000

755,700

814,000

1,166,100

(18)%

11 %

3,397,900

3,895,100

(13)%

Export thermal coal

562,300

587,000

468,000

403,200

389,200

44 %

(4)%

2,020,500

1,410,700

43 %

Sales volumes

Metallurgical Coal

4,318,300

4,818,000

3,901,300

3,850,300

6,100,100

(29)%

(10)%

16,887,900

22,380,600

(25)%

Hard Coking Coal

3,536,900

4,130,000

3,305,000

2,867,400

5,097,200

(31)%

(14)%

13,839,300

19,069,900

(27)%

PCI / SSCC

781,400

688,000

596,300

982,900

1,002,900

(22)%

14 %

3,048,600

3,310,700

(8)%

Export thermal coal

725,800

500,100

651,700

407,200

500,900

45 %

45 %

2,284,800

1,807,600

26 %

Anglo Americans attributable share of production.

Table 3: Metallurgical coal production by operation

Metallurgical coal, by operation (tonnes)(1)

Q4

2020

Q3

2020

Q2

2020

Q1

2020

Q4

2019

Q4 2020 vs. Q4 2019

Q4 2020 vs. Q3 2020

2020

2019

2020 vs.

2019

Metallurgical Coal

4,182,400

4,836,100

3,977,200

3,826,200

6,283,600

(33)%

(14)%

16,821,900

22,852,200

(26)%

Moranbah North

1,209,200

2,008,500

761,800

450,800

2,332,600

(48)%

(40)%

4,430,300

6,148,400

(28)%

Grosvenor

-

4,500

560,900

540,900

1,011,700

n/a

n/a

1,106,300

4,721,900

(77)%

Capcoal (incl. Grasstree)

1,680,900

1,328,800

1,221,900

1,383,300

1,270,300

32 %

26 %

5,614,900

5,932,000

(5)%

Dawson

461,200

588,300

638,400

741,200

842,500

(45)%

(22)%

2,429,100

2,953,000

(18)%

Jellinbah

831,100

906,000

794,200

710,000

826,500

1 %

(8)%

3,241,300

3,096,900

5 %

1.     Anglo Americans attributable share of production.

 

Table 4: Thermal coal production

Thermal Coal (tonnes)(1)

Q4

2020

Q3

2020

Q2

2020

Q1

2020

Q4

2019

Q4 2020 vs. Q4 2019

Q4 2020 vs. Q3 2020

2020

2019

2020 vs.

2019

Production volumes

Thermal Coal

8,059,500

9,575,400

8,293,000

8,680,400

9,340,800

(14)%

(16)%

34,608,300

36,427,600

(5)%

Export - South Africa(2)

4,085,000

4,595,400

3,587,600

4,195,100

4,515,100

(10)%

(11)%

16,463,100

17,795,600

(7)%

Export - Colombia(3)

347,000

1,037,700

767,400

1,977,900

2,314,900

(85)%

(67)%

4,130,000

8,586,100

(52)%

Domestic - South Africa

3,627,500

3,942,300

3,938,000

2,507,400

2,510,800

44 %

(8)%

14,015,200

10,045,900

40 %

Sales volumes

Thermal Coal

10,086,000

10,854,100

10,502,900

11,389,000

12,438,300

(19)%

(7)%

42,831,600

47,609,900

(10)%

Export - South Africa(2)

4,872,100

4,512,700

3,264,300

3,924,000

4,880,100

(0)%

8 %

16,573,100

18,148,400

(9)%

Export - Colombia(3)

369,900

993,800

1,142,500

2,028,000

2,260,800

(84)%

(63)%

4,534,100

8,773,800

(48)%

Domestic - South Africa

2,994,600

3,407,700

3,558,700

2,408,400

2,172,700

38 %

(12)%

12,369,200

9,767,500

27 %

Third party sales

1,849,400

1,939,900

2,537,400

3,028,600

3,124,700

(41)%

(5)%

9,355,200

10,920,200

(14)%

1. Anglo Americans attributable share of production.

2. Includes export primary production, secondary production sold into export markets and production sold domestically at export parity pricing.

3. Anglo Americans attributable share of Cerrejn production is 33.3%.

Table 5: Thermal coal production by operation

Thermal Coal, by operation (tonnes)(1)

Q4

2020

Q3

2020

Q2

2020

Q1

2020

Q4

2019

Q4 2020 vs. Q4 2019

Q4 2020 vs. Q3 2020

2020

2019

2020 vs.

2019

Thermal Coal - South Africa

7,712,500

8,537,700

7,525,600

6,702,500

7,025,900

10 %

(10)%

30,478,300

27,841,500

9 %

Goedehoop

1,907,500

1,816,600

1,192,500

1,207,400

1,488,800

28 %

5 %

6,124,000

6,066,300

1 %

Greenside

938,000

1,199,000

1,179,100

1,177,900

1,428,700

(34)%

(22)%

4,494,000

4,845,900

(7)%

Zibulo

1,099,900

1,429,900

1,331,100

1,291,700

1,351,000

(19)%

(23)%

5,152,600

5,359,300

(4)%

Khwezela

1,444,200

1,735,100

1,383,700

1,619,400

1,530,300

(6)%

(17)%

6,182,400

5,760,800

7 %

Mafube

491,300

503,100

339,200

484,600

481,200

2 %

(2)%

1,818,200

1,807,500

1 %

Other

1,831,600

1,854,000

2,100,000

921,500

745,900

146 %

(1)%

6,707,100

4,001,700

68 %

Thermal Coal C

Colombia (Cerrejn)

347,000

1,037,700

767,400

1,977,900

2,314,900

(85)%

(67)%

4,130,000

8,586,100

(52)%

Source from the official website of Anglo American

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