Hi Mal,
Always pleased to directly answer a question. I was actually not aware of the facts (and have not made any claims about them) so have checked the historic records for you:
Quarterly Activity Reported C1 cash costs:
June 2021 - $85.30/t
Sept 2021 - $86.77/t
Dec 2021 - $94.09/t (JW appointed as a Director mid-qtr on 16th Nov)
Mar 2022: $81.72/t (down 13% due to "recognition of profit from haulage JV"??)
Jun 2022: $91.53/t (cost jump blamed on "higher diesel and lower fuel rebates" - RB exit announced immediately following this qtr on 25 July)
Sep 2022: $84.14/t (Fenix-Newhaul transaction completes during this qtr with cost reduction identified as resulting from the "initial benefits")
Dec 2022: $77.76/t (cost reduction identified as primarily gains from Fenix-Newhaul transaction)
J9
Ann: Half Yearly Report and Accounts, page-105
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