MACARTHUR Coal’s coal sales in the second quarter rose 18 per cent on year to 1.45 million tonnes as sales to traditional customers recovered

02 February 2010 | 03:59 Code : 19813 Geoscience events
Macarthur said that 89 per cent of its sales were of its key pulverised coal injection....

Macarthur said that 89 per cent of its sales were of its key pulverised coal injection product, used in steelmaking, and that sales to traditional customers rose to 74 per cent and are expected to rise further as traditional markets improve in the current half.The Brisbane-based company said continuing improvements in global demand coupled with strong demand from China are expected to lead to increasing tightness in the metallurgical coal market.However, the miner said sales in the third quarter are likely to be lower due to low opening stocks, the possible impact of wet weather, and ongoing infrastructure congestion.Meanwhile, Gloucester Coal said its second quarter coal sales fell 9 per cent on year to 444,000 tonnes but the miner said it had boosted the proportion of higher margin coking coal sold.Coking coal sales for the quarter rose 73 per cent on year to 149,000 tonnes while thermal coal sales fell 26 per cent to 295,000 tonnes."Gloucester has been able to adjust its mining and sales mix to take advantage of the strengthening coking coal market and maximise overall sales volume within the allocation constraints provided by the Port of Newcastle Capacity Balancing System," the miner said in its quarterly report.Gloucester said the outlook for coking coal is strong and this augurs well for the company to achieve substantial price increases for the coming Japanese financial year.The miner said it remains focused in supplying coking coal to Japanese steel mills but is also seeking to place coal into alternative markets ahead of an increase in output from the planned extension of the Duralie mine. 

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