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Highlights
- - Bowen Coking Coal achieves record quarterly coal sales.
- - Production and efficiency metrics exceed targets.
- - Expansion opportunities explored at Burton Mine Complex.
Bowen Coking Coal (ASX:BCB) has reported a record-breaking performance, achieving 544,000 tonnes of coal sales in the current quarter. This milestone marks a 31% improvement compared to the preceding September quarter, reflecting strong operational momentum.
A significant contributor to this achievement is the Burton Mine Complex near Moranbah. The facility, which boasts a central Coal Handling and Preparation Plant (CHPP) and a Train Loadout Facility, dispatched 11 shipments of product coal during the quarter. Approximately 58% of the volume consisted of coking coal, further underscoring its robust demand in the market.
Production at Burton remained steady, with a run-of-mine (ROM) coal output of 544,000 tonnes by the end of November, slightly surpassing the monthly target of 250,000 tonnes. The Ellensfield South Mine accounted for the majority of production, while new contributions came from the Plumtree North Mine and Broadmeadow East Mine, which delivered 13,000 tonnes and 12,000 tonnes of ROM coal respectively.
CHPP operations demonstrated strong efficiency, achieving availability of 96% and utilisation of 92%. This operational excellence helped maintain steady-state production and address earlier sales gaps. Bowen Coking Coal reported total sales of 960,000 tonnes so far this financial year, placing the company on track to meet the higher end of its annual guidance of 1.6–1.9 million tonnes.
Daryl Edwards, CEO of Bowen Coking Coal, highlighted the company’s commitment to maintaining steady-state operations while improving cost efficiency and focusing on disciplined capital allocation. He also revealed plans to explore expansion opportunities at the Burton Mine Complex, signaling potential future growth.
The company's capital expenditure during the quarter was mainly directed toward box-cut development at Plumtree North Mine. Cash costs remained aligned with the outlook at $150 per tonne, excluding state royalties, demonstrating the company's stringent cost control measures.
Bowen Coking Coal's record performance not only reflects its operational efficiencies but also its strategic focus on sustaining growth and profitability. The strong sales figures and promising production output solidify its position as a key player in the coking coal market, while plans for expansion underscore its forward-looking approach.
