- a few delays due to production issues (weather, labor, pre-stripping) and processing bottlenecks (3rd party CHPP)
- production and sales will materially ramp up in the current quarter
- by March 23, our own CHPP will be operational
- record coking coal prices are holding up given global gas shortages / switching into thermal market, despite looming recession
Summary of various reports
Oct-Dec quarter
- expected sales of about A$100m
- expected maiden positive operating cashflow
Bluff
- production delays due to weather delays, labor shortages,new water pits (effectively pre stripping)
- steady-state operation (ROM 80-100ktpm) expected later inOct-Dec 22 quarter
- sales of 180kt Oct-Dec 22
- ULVPCI coal trading at over US$282 (Oct 10)
Broadmeadow East
- sales of 140kt in late Dec 22 (washing capacity set at 42kt/mth till Dec due to capacity constraints at 3rd party provider)
- to compensate, unwashed (bypass) coal will be sold into thermalmarket
- own Train Load Out facility available from Nov onwards
- crushing circuit of own CHPP expected to be recommissionedin the Oct-Dec 22 quarter
- own wash plant (2.5mtpa initial capacity) expected to berestarted in the Jan-Mar 23 quarter
a few delays due to production issues (weather, labor,...
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