SA domestic sales to ESKOM are a fixed price/margin contract, I cannot recall exactly maybe an ex UNV holder would know better, but believe around the A$6/t profit margin.
The Richards bay export price is currently at USD$153/t, so yes should be making significant, this is up from USD$105/t in May and USD$120/t in June - so we are talking minimum extra USD$30/t margin for the September sales compared to June sales and likely USD$15/t extra margin from the August sales... Based on 80,000t this is equivalent to A$1.6M - A$3.2M in additional EBITDA out of SA... So this is meaningful to the overall picture.
I think Richards bay pricing is so high because of the Chinese ban on Australian coal imports... Richards bay is API4, 5,500kcal index.
TER to hit 20c this week, page-63
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