Centennial Coal has for the first time boosted managed coal output through the 20mt/yr mark in the latest June year, with a strong second half production recovery at the formerly troubled Tahmoor coking coal mine in New South Wales. The company has also detailed an extremely bullish market outlook, suggesting thermal pricing above 70 dollars/t and hard coking coal pricing in the 125 dollars/t region may be obtainable. Despite a sluggish final quarter, Centennial lifted total managed coal output to 20.1mt for the June year, up 14 percent on the previous year. Equity output rose 12.2 percent to 17.5mt on the same comparison, with equity coal sales at 15.2mt, up 9 percent. A Centennial statement said the performance benefited from record annual output from Tahmoor, at 2.3mt, up 17.4 percent on 1.9mt in the previous year. The company is confident new equipment and long wall blocks will lift output further in the current year. The statement also said the company plans to re-offer an equity stake for sale in the potential 10mt/yr Anvil Hill thermal coal mine following receipt of government approval earlier this year.
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