Bowen Coking Coal (ASX:BCB) has recorded 544,000 tonnes of coal sales for the quarter to date, which represents a new quarterly sales record for the company.
The sales are also a 31% improvement from the September quarter.
Bowen Coking Coal’s Burton Mine Complex near Moranbah, which has a central Coal Handlingand-Preparation-Plant (CHPP) and Train Loadout Facility served by several nearby operating pits, dispatched 11 cargoes of product coal, 58% in volume was coking coal.
CEO Daryl Edwards says the Burton Mine Complex continues at steady-state and product stockpiles have been depleted to normalised levels.
“We have now overtaken any sales shortfall previously reported, with 960,000 tonnes being sold this financial year to date. This is guiding to the top end of our annual outlook range of 1.6-1.9Mt at the half-way mark of the 2025 financial year,” the CEO says.
“Our focus remains maintaining steady-state production, further cost-improvement, strict capital allocation and striving for improved cash generation from our operations. We are now also looking at expansion opportunities at the Burton Complex.”
In addition to record sales figures, the company says production performance remained strong with Burton producing 544,000 tonnes of run-of-mine (ROM) coal at a strip ratio of 5.9:1 (BCM/ROMt) during the quarter to the end of November.
The company says this was slightly above the targeted ROM production rate of 250,000 tonnes per month.
The Ellensfield South Mine was responsible for the majority of production while the start-up Plumtree North Mine contributed 13,000 tonnes of ROM coal and the Broadmeadow East Mine 12,000 tonnes through augering.
Bowen Coking Coal says CHPP demonstrated strong operational efficiencies during the quarter, with availability of 96% and utilisation of 92%.
Capital expenditure, primarily consisting of capitalised box-cut development at Plumtree North, and cash costs for FY2025 Q2 are in line with the outlook ($150 per tonne excluding state royalties) for the quarter.
Write to Adam Orlando at Mining.com.au
Images: Bowen Coking Coal
