HomeProduct Complimentary download BHP Billiton 2014-15 thermal coal output down 5pct on yr

BHP Billiton 2014-15 thermal coal output down 5pct on yr

Keyword:
Publish time: 24th July, 2015      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
Diversified global miner BHP Billiton produced 41 million tonnes of thermal coal in its 2014-15 financial year ended June 30, 2015, down 5% year on year, the company said on July 22.The drop was due to a dry spell and dust emissions controls in Colombia’s largest coal mine Cerrejon and reduced customer demand for coal from its US Navajo Coal mine in New Mexico.Cerrejon — a joint venture between BHP, Glencore and Anglo American — produced 11.29 million tonnes in fiscal 2014-15, down 8.4% on the year.Production at BHP’s US mines — Navajo and San Juan — fell 7.3% to 10.02 million tonnes during the same period.Output from Australian unit New South Wales Energy Coal was 19.7 million tonnes, a 1.3% drop year on year.The average realized price for thermal coal in the financial year was $58/t, down 22% on year.BHP planned to produce 40 million tonnes of thermal coal output during the 2015-16 financial year.Meanwhile, BHP reported a strong year for metallurgical coal production in Queensland in 2014-2015 with total output of 42.6 million tonnes, up around 14% from 37.5 million tonnes in the previous fiscal year.BHP said its 50% share in the BHP-Mitsubishi Alliance (BMA) joint venture contributed 33.9 million tonnes in FY2015, up from 29.3 million tonnes the year before. Output of 8.76 million tonnes at BHP Mitsui in 2014-2015, on a 100% basis, was up slightly from 8.3 million tonnes a year earlier.In its operations report, the miner said the ramp-up of BMA’s Caval Ridge mine, along with productivity improvements, had contributed to the output increase in 2014-2015.It noted that operations at BMA’s Crinum mine would cease in January-March next year as the mine reached the end of its reserves, which would result in total Queensland production in 2015-2016 falling back to 40 million tonnes.