ARCHIVE

Atlantic production up

AIM-listed anthracite coal miner Atlantic Coal has grown run-of-mine production 24.4% quarter-on-...

Noel Dyson

This article is 11 years old. Images might not display.

ROM stockpiles were 91.599 tons, a 265% increase on the quarter-one stockpile figure.

The company has been building its stockpile to take advantage of the improved pricing environment expected later this year.

Clean coal production for the period was 30,641t, up from the 53,131t in the first quarter.

Sales of clean coal were 23,671t in response to a combination of the usual demand drop off in the spring and also to softening prices.

The average anthracite sales price was $126.40 a tonne. In the first quarter it was $139.84.

However, Atlantic Coal managing director Steve Best said while the anthracite prices had been depressed over the past year, he expected prices to improve in the second half of 2013.

“We have taken the decision to decrease costs by significantly reducing overburden removal but continued strong ROM production demonstrates the ongoing effectiveness of our operations at Stockton,” he said.

“We have also taken the decision to stockpile ROM production rather than process it at current price levels in order to take advantage of an anticipated improved pricing environment in the second half of 2013 as demand typically increases during the winter months.”

Best said the mine’s ability to rapidly modify its production, processing and sales in reaction to soft prices was testament to the flexible operational model Atlantic had built at Stockton.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets