All the mining costs announced previously are estimated / guided assumptions. And these assumptions are 2-3 years old atleast. They have no standing in the real word as it stands, where inflation has gone through the roof across everything and especially mining sector.
Give you a perspective --- Anglo American's coal mining business which they have announced to exit this week had the following cash cost across years ---
2019: $63/t
2020: $86/t
2021: $105/t
2022: $107/t
2023: $121/t
All these costs are excluding royalty & taxes -- in case someone wants to give that excuse.
Post covid -- cash cost has doubled for Anglo American.
CKA cost estimates are likely much much much higher than what they have guided for in earlier announcements.
the fact is that Cokal is not reporting mining costs. Agree they may improve as volumes rise. but what is the cost today?
the fact is that Cokal is not reporting realised prices. Logistics buildout has no impact on pricing. But even this information is held back. If there is notthing to hide ( big cut for Eddie? Coal quality worse than expected and hence pricing lower than expected??) then why hide??
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