|
Operational performance
|
Production |
Mar YTD23 |
Mar Q23 |
Mar YTD23 vs Mar YTD22 |
Mar Q23 vs Mar Q22 |
Mar Q23 vs Dec Q22 |
Previous FY23 guidance |
Current FY23 guidance |
|
Metallurgical coal - BMA (Mt) |
20.5 |
6.9 |
-2% |
-13% |
0% |
29 – 32 |
29 – 32 |
|
BMA (100% basis) (Mt) |
41.1 |
13.9 |
-2% |
-13% |
0% |
58 – 64 |
58 – 64 |
|
Energy coal – NSWEC (Mt) |
9.4 |
3.9 |
-4% |
53% |
38% |
13 – 15 |
13 – 15 |
Metallurgical coal –
BMA production decreased by two per cent to 21 Mt (41 Mt on a 100 per
cent basis) as a result of significant wet weather. This was partially
offset by continued improvement in underlying truck productivity, in
particular at Goonyella and Daunia following the completion of their
autonomous fleet transitions, as well as reduced COVID-19 related labour
constraints. In the nine months to March 2023, BMA has experienced the
highest level of rainfall in the past 10 years, significantly impacting
production.2
Full year production is expected to be at the bottom of the guidance
range of between 29 and 32 Mt (58 and 64 Mt on a 100 per cent basis),
with further wet weather in the June 2023 quarter posing a risk to this
outcome. The additional long wall move at Broadmeadow noted in the
December 2022 Operational Review is planned to commence in June 2023.
While we will continue to sustain and optimise our existing assets, BMA
is not making significant new investments in Queensland given the
changes to the royalty regime imposed by the current government which
have increased risk and reduced competitiveness of investments in the
State.
Energy coal –
New South Wales Energy Coal (NSWEC) production decreased by four per
cent to 9 Mt reflecting the impacts of the wet weather experienced in
the December 2022 half, and the increased proportion of washed coal.
This was partially offset by improved stability in labour, particularly
reduced absenteeism which impacted stripping performance and mine
productivity in the prior period. Higher quality products made up
approximately 85 per cent of sales, compared to approximately 90 per
cent in the prior period. Production guidance for the 2023 financial
year remains unchanged at between 13 and 15 Mt.
Following the NSW Government Directions to local thermal coal producers,
NSWEC has started delivering their domestic allocation of 0.175 Mt per
quarter from April 2023. The full allocation for the June 2023 quarter
has been sold at 100 per cent of the current price cap of A$125 per
tonne. The reservation allocation for the 2024 financial year is
expected to be 0.7 Mt in line with the Directions.
|
Production |
Mar YTD23 |
Mar Q23 |
Mar YTD23 vs Mar YTD22 |
Mar Q23 vs Mar Q22 |
Mar Q23 vs Dec Q22 |
|
Metallurgical coal (kt) |
20,543 |
6,929 |
-2% |
-13% |
0% |
|
Energy coal (kt) |
9,408 |
3,934 |
-4% |
53% |
38% |
Production and sales report
|
|
Unit |
Quarter ended |
Year to date |
|
Mar-22 |
Jun-22 |
Sep-22 |
Dec-22 |
Mar-23 |
Mar-23 |
Mar-22 |
|
BHP Mitsubishi Alliance (BMA), Australia |
|
|
|
|
|
|
|
|
|
Production
1 |
|
|
|
|
|
|
|
|
|
Blackwater |
(kt) |
1,478 |
1,751 |
1,283 |
1,160 |
1,107 |
3,550 |
4,083 |
|
Goonyella |
(kt) |
2,336 |
2,429 |
1,780 |
1,997 |
2,185 |
5,962 |
5,931 |
|
Peak Downs |
(kt) |
1,395 |
1,366 |
1,325 |
1,480 |
1,251 |
4,056 |
3,578 |
|
Saraji |
(kt) |
1,366 |
1,168 |
1,020 |
1,243 |
1,007 |
3,270 |
3,446 |
|
Daunia |
(kt) |
338 |
472 |
324 |
441 |
607 |
1,372 |
1,019 |
|
Caval Ridge |
(kt) |
1,031 |
997 |
930 |
631 |
772 |
2,333 |
2,902 |
|
Total production |
(kt) |
7,944 |
8,183 |
6,662 |
6,952 |
6,929 |
20,543 |
20,959 |
|
Total production (100%) |
(kt) |
15,888 |
16,366 |
13,324 |
13,904 |
13,858 |
41,086 |
41,918 |
|
Sales |
|
|
|
|
|
|
|
|
|
Coking coal |
(kt) |
6,334 |
6,734 |
5,615 |
5,872 |
5,372 |
16,859 |
16,624 |
|
Weak coking coal |
(kt) |
805 |
1,118 |
600 |
727 |
710 |
2,037 |
2,293 |
|
Thermal coal |
(kt) |
484 |
765 |
267 |
428 |
104 |
799 |
1,515 |
|
Total sales |
(kt) |
7,623 |
8,617 |
6,482 |
7,027 |
6,186 |
19,695 |
20,432 |
|
Total sales (100%) |
(kt) |
15,246 |
17,234 |
12,964 |
14,054 |
12,372 |
39,390 |
40,864 |
|
1 Production figures include some thermal coal. |
|
|
|
|
|
|
|
|
|
NSW Energy Coal, Australia |
|
|
|
|
|
|
|
|
|
Production |
(kt) |
2,577 |
3,919 |
2,623 |
2,851 |
3,934 |
9,408 |
9,782 |
|
Sales - export |
(kt) |
2,703 |
3,923 |
2,441 |
2,862 |
3,667 |
8,970 |
10,201 |
Source: BHP |
(To contact the reporter on this story: jemma.shang@steelhome.cn or 86-555-2238875 18155520624) |
