Anglo American's steelmaking coal output slips in Q2
UK-listed miner Anglo American's steelmaking coal production fell 1% year-on-year to 2 million tonnes in the second quarter ended 30 June.
Volumes were weighed down by difficult strata conditions at its Aquila mine in the Bowen Basin of Central Queensland, Australia and lingering impacts from severe weather at the Dawson open cut operation, Kallanish notes.
The decline was partly offset by a production ramp-up at Moranbah North following an earlier incident in March 2025, as well as higher output from the Capcoal open cut operation, the firm says in a statement.
The company says the share of hard coking coal fell to 77% of total production in the quarter, from 85% a year earlier, due to increased pulverized coal injection (PCI) and semi-soft coking coal volumes from open cut operations.
For the first half of 2026, realised hard coking coal prices averaged $201/tonne, below the $236/t benchmark. This resulted in price realisation declining to 85% from 93% a year earlier, reflecting lower volumes of premium hard coking coal from the underground mines.
Meanwhile, Anglo American says it expects to complete the sale of its Australian steelmaking coal assets to Dhilmar by the first quarter of 2027, subject to approvals.
The miner earlier entered into a definitive agreement to sell the remaining portfolio of steelmaking coal assets in Australia to Dhilmar for up to $3.88 billion in cash.
From: Kallanish
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