Just a couple of snippets for those interested.
Australia’s coal export values have hit a new peak of $56.5 billion in 2017, according to the latest trade data from the Australian Bureau of Statistics (ABS)
The $56.5 billion is split between 200 million tonnes (Mt) of thermal coal valued at $20.8 billion, and 172Mt of coking coal valued at $35.7 billion.
An average price of $207Mt for coking coal, hello Matmor!
https://www.australianmining.com.au/news/australian-coal-exports-set-new-record-in-2017/
Coal prices remained bullish for 2017, primarily due to
strong fundamental demand for coal from Asia, ongoing
production controls by China and several supply
sides issues from Indonesia and Australia limiting coal
production. This resulted in Newcastle coal price (6,322
Kcal/kg GAR) averaging US$88.6 per metric tonne for
the year and closing the year at near high of US$103.9
per metric tonne. This compared favourably to our 2017
Budget for Newcastle of an average of US$65 per metric
tonne, which exceed the Budget by 36%.
In 2017, the Company achieved revenue of US$1,067.4in higher coal selling prices being achieved
million versus a Budget of $717.5 million, exceeding
Budget by 48.8%. This significant increase in revenue was
a culmination of the stronger coal market which resulted
The significantly improved performance has allowedprincipal payments.
the Company to continue to deleverage throughout
2017 which ultimately resulted in the Company fully
prepaying the restructured long-term loan in December
2017 before the commencement of any scheduled
https://www.bayan.com.sg/dwl/finance/annual/AR Bayan Resources-2017.pdf
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