Brief: Allegiance Coal Says Clean Coal Production In Q2 FY23 Significantly Higher Than Last Year
30/01/2023 08:19
Jan 30 (Reuters) - Allegiance Coal Ltd AHQ.AX :
* CLEAN COAL PRODUCTION IN Q2 FY23 COMPARED TO Q2 FY22 WAS
SIGNIFICANTLY HIGHER
* COAL SALES FOR DECEMBER QUARTER TOTALLED 95.5KT VERSUS
187.5KT
IN PRIOR QUARTER
* RUN-OF-MINE COAL PRODUCTION FOR DEC QUARTER ACROSS GROUP
TOTALLED 132KT DOWN AGAINST SEPT QUARTER OF 171KT
* EVALUATING PIVOTING BACK TO METALLURGICAL COAL SALES IN
EUROPE
* AVERAGE THERMAL COAL SALES PRICES, EXPORT AND DOMESTIC
AVERAGE
IN DECEMBER QUARTER WERE US$189/T AGAINST US$173/T IN PRIOR
QUARTER
* DEC QUARTER SALEABLE COAL PRODUCTION TOTALLED 89KT, DOWN
AGAINST
SEPT QUARTER OF 114KT
* DEC QUARTER TOTAL REVENUE US$18.0M VERSUS US$27.2M IN
PRIOR
QUARTER
* TURN AROUND OF PRODUCTION PERFORMANCE AT NEW ELK CONTINUE
TO BE
IMPLEMENTED BUT TANGIBLE RESULTS NOT EXPECTED UNTIL Q1 2023
Source text for Eikon: ID:nASX4qcQQj
Further company coverage: AHQ.AX
((Reuters.Briefs@thomsonreuters.com;))
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