Fourth Quarter 2022 Outlook
Seaborne Thermal
- Export volume is expected to be 2.4 million tons, less than previously thought primarily due to lower production from our 50 percent ownership of the Wambo Open-cut joint venture as a result of heavy rains in October. 1.2 million tons are priced at $122 per ton (includes 564 thousand metric tons hedged at $84), and approximately 1.1 million tons of Wilpinjong high ash product and 0.1 million tons of Newcastle product are unpriced.
- Costs are expected to improve to approximately $40 per ton.
Seaborne Metallurgical
- Export volume is now expected to be 2.0 million tons as a result of lower Shoal Creek production and heavy rains at the CMJV in October, with 0.2 million tons priced at $244 per ton. The current product mix is expected to achieve 75-80% of the premium hard coking coal index price.
- Costs are expected to be approximately $125 per ton.
U.S. Thermal
- PRB volume is expected to be approximately 23 million tons at an average price of $13.50 per ton and cost of $11.50 per ton.
- Other U.S. Thermal volume is expected to be approximately 4.7 million tons at an average price of $49 per ton and cost of $40 per ton as both sales volume and costs are pressured by poor rail performance.
Other
- Full year capital guidance has been increased to $210 million primarily due to North Goonyella redevelopment and deposits for longwall equipment at Shoal Creek.
