Tag: Production

AUSTRALIAN coal producer Whitehaven Coal sees a silver lining for global coal markets from the signing of the first phase of a trade deal between China and the US on Wednesday. Whitehaven Coal said in a production update to the ASX that the easing of China-US trade tensions should improve market conditions for metallurgical coal, a key ingredient in steel production in China, and for thermal coal used in power stations to generate electricity. “The metallurgical coal market recovered in late 2019 from the lows experienced mid-2019,” the company stated. “The dynamics of the steel market are impacted by the trade tensions between China and the US, so the signing of the Phase 1 trade deal should have a welcome...

IMAGE Resources' 100pc-owned, high-grade, zircon-rich Boonanarring mineral sands project, 80km north of Perth, exceeded nameplate capacity in the second month of operation in January 2019. The company achieved profitability in Q1 and was cashflow positive in Q2. At Q3, the company had produced 201.4kt heavy mineral concentrate (HMC) for the year, with full-year guidance lifted to 260-280kt HMC, which the company said reflected the “better than expected operation performance”. The company’s ore processing rates had benefited significantly from the installation of a larger trommel at the feed preparation plant in August, which allowed for an 11pc increase in Q3 to hit 874kt. Image Resources managing director, Patrick Mutz, said that the success of the project in its first year of...