Chinese-Australian mining group Yancoal sold 3.99mn t of coal in the third quarter, down by 10pc from the same period last year.
Coking coal sales fell by 13pc year on year to 1.94mn t, or 46pc of the company's output, while thermal coal sales declined by 7pc to 2.05mn t, accounting for 54pc of production. Total production in the third quarter was 5.21mn t, down by 9pc from the same quarter a year earlier.
Coking coal sales were hit by a fall in productivity at the Yarrabee mine in Queensland, where saleable output of low-volatile pulverised coal injection (PCI) material fell by 13pc year on year to 800,000t. Output from the Queensland Middlemount mine, which produces low-volatility PCI and semi-hard coking coal was flat at 1mn t.
The company's Ashton semi-soft coal mine in New South Wales (NSW) suffered a 71pc year on year fall in production to 140,000t in the third quarter because of a scheduled longwall move, combined with a production delay caused by geotechnical problems at the asset's face.
Yancoal's largest mine, the Moolarben thermal coal project in NSW, increased production by 5pc year on year to 1.72mn t in July-September this year.
rm/egs
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