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Anglo American appoints new coking coal head

25 Jan 2018 12:53 GMT
Anglo American appoints new coking coal head

Singapore, 25 January (Argus) — UK-South African mining firm Anglo American appointed a new chief executive for its metallurgical coal business after the company dropped plans to sell those assets last year and raised production to record levels.

Anglo American said Tyler Mitchelson will start in the position on 3 April at the company's office in Brisbane, Australia. He is currently Anglo American's London-based head of integration and business planning and has been with the company since 2014.

"Building on our record operational performance in 2017, Tyler will bring his extensive business development and commercial experience to growing business value and optimising our metallurgical coal assets in Australia and Canada," the firm's head of bulk commodities, Seamus French, said.

Anglo produced 19.7mn of coking coal in 2017, up by 1pc on 2016. The company attributed the increase to record productivity at its 7.5mn t/y Grosvenor mine in Queensland, Australia, and the removal of higher cost volumes at its 5.9mn t/y Dawson mine, also in Queensland.

But coking coal output in the fourth quarter of 2017 fell by 8pc on the year to 4.9mn t.

Anglon American's outgoing coking coal chief executive David Diamond is leaving after 17 years, having joined at the time of the acquisition of the Shell Coal Australian Assets in 2000.

Anglo American confirmed in July 2017 that it will retain its Moranbah and Grosvenor mines — its only remaining coking coal assets in Australia — following the sale of its Foxleigh PCI mine in 2016.

The Argus average price for premium hard coking coal was $187.99/t fob Australia in last year, up by 32pc on 2016.