A number of Australian metallurgical coal exporters have recently signaled that they have suffered production setbacks and they are expecting lower output for Fiscal Year 2018.
In its most recent production report, BHP said metallurgical coal production for the half-year ending December 2017 decreased by 4% to 20 million mt. The company’s guidance for FY2018 has been revised downward from 44 million to 46 million mt to 41 million to 43 million mt, which reflects lower volumes now expected at Broadmeadow and Blackwater mines.
