MARKETS

Strong performance from ARP

ALLIANCE Resource Partners has posted record coal production for the March quarter 2007, confirming a full-year guidance range of up to 25.2 million tons.

Staff Reporter
Strong performance from ARP

During the quarter 6.5Mt of coal was produced, compared with 6.2Mt in the corresponding 2006 quarter.

Driven by higher Illinois Basin sales, ARP's coal sales volumes for the quarter increased to 6.2Mt, compared to 6.1Mt of coal sold in the 2006 quarter.

Reflecting on ARP’s results so far, president and CEO Joseph W Craft III confirmed the coal producer’s 2007 coal production in a range of 24.7Mt to 25.2Mt.

“Alliance Resource Partners is off to another strong start in 2007, posting quarterly records for EBITDA and coal production as well as increased sales tons and revenues," Craft said.

“We are especially pleased that these results were accomplished in conjunction with our safest quarter on record.”

ARP is a diversified coal producer and marketer with eight mining complexes across Illinois, Indiana, Kentucky, Maryland and West Virginia.

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 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

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions