Glencore, and NSW coal production on the rise

November 10, 2014

The state’s biggest coal producer, Glencore, has announced a continuing rise in its thermal coal output in Australia, as the company heads towards a new production record this year. 
 
That news comes despite predictions that coal prices could soon reach a five year low. 

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Pictured: Glencore's Bulga operations in Singleton, NSW.
 
In its Third Quarter 2014 Production Report released this week, Glencore attributes coal production increases to the efforts of its Australian operations.
 
“Own sourced coal production was 111.4 million tonnes, up 7%, mainly related to higher production in Australian thermal coal, driven by productivity improvements and the completion of various advanced stage expansion projects.”
 
And its NSW coal mines contributed significantly to an 11% increase in production of thermal and semi-soft coal.
 
In NSW, Glencore operates Hunter coal mines West Wallsend, Bulga, Mangoola, Mt Owen mine complex, Liddell, Ravensworth plus Ulan in the Western Coalfields and Tahmoor mine in the Southern Highlands.
 
“Australian thermal and semi-soft production was 49.1 million tonnes, 11% higher than the comparable period. The increase reflects the commencement of longwall operations at Ulan West and productivity improvements at the Bulga complex. Expansion projects at Ravensworth North and Rolleston also contributed to the increase,” Glencore said.
 
It follows comments from NSW Minerals Council CEO, Stephen Galilee, who has told Prime 7 News that although we have seen many “worrying” job losses of late, there is promising “healthy ongoing year on year growth in demand for our coal products in NSW”. And Prime Minister Tony Abbott predicts a “production boom” despite current tumbling commodity prices.

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The Australian Bureau of Statistics has released data forecasting Australian coal production to rise from 250 million tonnes to 270 million over the next couple of years reaching over 280 million tonnes by 2019. 
 

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