Two things of note for me:
1. NCC
The colliery achieved solid export results with 15% more 6000Kcal RB1 product being delivered to market during the quarter compared to forecast. This allowed the colliery to capitalise on the significant increase in the API4 coal export pricing during the latter part of the quarter.
2. NBC
Sales at NBC remained consistent with the previous quarter and as announced in December 2020, the Company successfully executed its export strategy with the first full shipment of thermal coal planned to sail during the first week of February 2021. This is a significant milestone or the South African operations and the Company looks forward to leveraging this achievement to increase its export coal sales in line with its strategic
objectives
They produce 1.2Mtpa 5500 Kcal quality export coal at NBC. This coal wasn't being exporting as far as I'm aware. I was wondering if that was what TER was indicating about new export coal as UNV had been exporting 6000Kcal coal for a while. Shifting (some) of this coal to the export market seems like a good news to me.
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- Ann: December 2020 Quarterly Report
Ann: December 2020 Quarterly Report, page-4
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