Unusually long monsoons drove the company’s output levels down during the first half of the fiscal

Company seeks to conclude tariff negotiations by the end of the 2Q2020

Mongolian-Chinese border closure to continue pressuring the company’s sales and cash flows in the first half of 2020

The group’s other mine in Australia will continue its production

Companies have followed RBCT’s measured regarding the nationwide lockdown

Site had been plagued by roof falls for over a year

Care and maintenance protocols are being employed

Group would no longer support companies not complying with pre-established emission agreements

Nearly 20 gigawatts of under-construction coal capacity will be developed by Chinese manufacturers

Coal mining operations and transports have been deemed as essential services during the lockdown period

Company has started to remove some of its production units from the grid

Eskom’s thermal coal miners and exporters will still operate during this period

Both sites will be worth over USD 1.5 billion

Projects have been scaled down amid coronavirus worries

2020’s production guidance has also been put on hold

The rail and port logistics infrastructure to support the export of iron ore and coal is expected to continue to service the operations during the lockdown

Company CEO has cited negative free cash flow at the site as the main reason for its closure

This decrease in activities in the group’s mines has already been taking place in stages

A contingency team will be employed at Drummond’s sites to avoid the movement of workers