Costs declines in late-March due to the reduced Chinese demand

China’s domestic coal supplies had fallen amid the coronavirus outbreak

Low volatile metallurgical coal sales surged on the year

Chinese coal consumption is inching closer to its 2019 levels

The company will temporarily cease coal production at its Illinois Basin mines

Prices remained stable across the nation

Company has asked coal miners, transporters and Transnet to continue coal supplies amid the quarantine

Every year, the group appoints an external agency to evaluate stocks at its mines

Production volumes are set to fall, marginally boosting unit costs

Australian shipments decreases due to the recent cyclone

Prices fluctuated across the nation

During the Reporting Period, the value of new contracts entered into by the Group surpassed RMB 50 billion

The company’s coal materialization usually improves after the monsoons

The COVID-19 pandemic keeps pressuring the global economy

Cash used in operating activities for the fourth quarter 2019, including discontinued operations, was nearly at USD 6 million.

Stocks are enough to run energy sites for 23 days

So far, the Global Coal Newcastle index has averaged at bellow USD 70 per ton

Prices remained stable across the nation

The heightened pressure on API4 thermal coal prices resulted in an average price drop

The 4Q 2019 financial results were relatively consistent with the previous quarter last year