Anglo American saw a 25% yearly decrease in its export metallurgical coal production to 2.97 million tonnes in the second quarter of 2021, all coming from Australia, according to its latest quarterly report.
The decline in production was due to the continued suspension of operations at Grosvenor following the underground incident in May 2020, as well as the suspension of Moranbah for most of the quarter.
Grosvenor coal mine has been in suspension after a gas explosion in May, and its development activities began in early June as part of the mine's staged approach to restarting longwall mining operations.
Coking coal mine in Moranbah North halted production from February 21, after detecting elevated gas level in underground mining area, and it resumed production on June 3.
Open cut operations are returning towards pre-COVID-19 production levels having been scaled back at Dawson and Capcoal since mid-2020 in response to reduced demand for the products.
Iron ore production was 15.7 million tonnes in the second quarter, increasing 6% year on year but down 3% month on month.
Metallurgical coal output of Anglo American was 6.25 million tonnes in the first half of 2021, down 20% from a year ago. Iron ore output of the miner totaled 31.87 million tonnes, up 3% from the year-ago level.
The H1 2021 average realized price for hard coking coal was $117/t, lower than benchmark price of $132/t; coking coal for PCI purpose average realized price of $103/t, up 5% on the year; The H1 2021 average realized price for iron ore was $210/wt FOB, surging 133% year on year.
Production guidance for metallurgical coal was unchanged at 14-16 million tonnes (previous 18-20 million tonnes); iron ore production guidance (wet basis) was tightened to 64.5-66.5 million tonnes (previously 24-26 million tonnes).
(Writing by Lilya Li Editing by Harry Huo)
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