JSE-listed Keaton Energy’s Vanggatfontein colliery increased its delivery of washed 2- and 4-seam thermal coal to Eskom by 3.7% to 540 127 tonnes in the quarter ended December 31, despite the usual challenges experienced during the Christmas quarter and the number of power outages experienced.
Vanggatfontein colliery continues to deliver
The Vanggatfontein colliery delivered 1.74 Mt to Eskom in the first nine months of the year, up 4.4% on the corresponding period last year.
Sales of 5-seam metallurgical coal were 30 897t for the quarter, up 30.1% over the corresponding quarter last year, and 95 903t for the nine months, up 21.6% over last year’s performance. B-grade sales were 9 959t for the quarter, up 248.4% on the corresponding quarter, and 31 988t for the nine months, as this new product gained market acceptance.
“As we told the market, this will be a year of sustained performance at Vanggatfontein – consistent production of coal and cash generation from this long-life colliery,” said Keaton Energy CEO Mandi Glad.
A quick look at Vaalkrantz colliery
Vaalkrantz colliery sold 79 662 t of anthracite to local and export customers during the quarter, an increase of 29.5% over the corresponding period. Sales for the first nine months of the year were 271 560 t, an increase of 25.9% over the corresponding period last year.
Importantly, this quarter saw the first contracted sales of a new 32% ash product which has been met with considerable market support.
Furthermore, the safety performance at Vaalkrantz improved to zero LTIFR.
“After a lot of hard work at Vaalkrantz, we are starting to see the benefits of improved work practices and the introduction of the new 32% ash product. We too are pleased with the excellent safety performance at both of our operations.”