Global mining giant Glencore said on February 1 its coal production rose 6.5% in 2022, driven by its Cerrejon mine in Colombia.
The company churned out 110 million tonnes of coal last year, compared with 103 million tonnes in 2021.
The increase in coal production mainly came due to a rise in equity production from the Cerrejon mine in Colombia after Glencore 100% owned the mine after the acquisition from two other groups.
However, production at mines in Australia and South Africa fell on a year-on-year basis due to bad weather and poor facility.
Glencore last month shelved development of an A$2 billion ($1.3 billion) coal mine in Australia's Queensland given global uncertainties and a hike in state royalties that damaged investor confidence.
By type, Glencore's thermal coal production totaled 97.3 million tonnes in 2022, up 8.5% year on year. Production from Australia contributed 61.2 million tonnes, while output from South Africa reached 16.4 million tonnnes and Cerrejon in Colombia 19.7 million tonnes, which rose 152.6% from a year ago.
Metallurgical coal production reached 12.7 million tonnes, down 6.6% year on year. Coking coal production fell 4.4% to 8.7 million tonnes, while semi-soft coking coal fell 11.1% to 4 million tonnes.
The report said the company's Q4 production of all coal types totaled 28.1 million tonnes, up 4.1% year on year and 6% from the previous quarter, including 24.4 million tonnes of thermal coal and 3.7 million tonnes of metallurgical coal.
The company set a production target at 105-115 million tonnes for 2023.
(Writing by Alex Guo Editing by Tammy Yang)
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