News: AHQ Allegiance Coal Says Clean Coal Production In Q2 FY23 Significantly Higher Than Last Year

Jan 30 (Reuters) - Allegiance Coal Ltd (AHQ) :

• 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