RIO TINTO RECORDS LOWER COKING COAL PRODUCTION IN Q2 2017
Rio Tinto has recorded a 14% lower Coking Coal production in Q2 2017 against the production during Q2 2016. During the quarter under review, the company had produced 1,555 MT of Coking Coal.
The reduced production resulted due to the impact of the Debbie cyclone. On quarter-on-quarter basis, the production during the second quarter of the current year also dipped by 2% over Q1 2017.
During H1 2017, the company had produced 3,138 MT of Coking Coal, and that was lower by 17% than that in H1 2016.
BHP BILLITON ACHIEVES HIGHER COKING COAL PRODUCTION IN Q2 2017
Despite hindrances posed by the Debbie cyclone, BHP Billiton has achieved a 27% higher Coking Coal production during Q2 2017. The company had produced 8,494 MT of Coking Coal during the quarter. Improved mining performance could be attributed to the increased production in the quarter under review.
The production during the quarter was also up by 16% over that in Q1 2017.
CIL TO SHUT DOWN HIGH RISK MINES
The state-run miner—Coal India Limited (CIL)—will shut down its high risk mines to ensure safety to its workers. Moreover, the Coal Ministry has made it mandatory for conducting safety audit of all coal mines.
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