Hard coal and coke producer New World Resources has said remains on track to hit its full year production and sales targets after production increased in the second quarter.

The firm produced 3,390,000 tonnes of coking coal and thermal coal in the second quarter, up from 2,389,000 tonnes in the first three months of the year. Meanwhile, coke production was steady at 174,000 tonnes.

While sales volumes were broadly higher, average realised prices slipped QoQ.

New World said it remains on track to produce 10.8 million tonnes to 11 million tonnes of coal and 700,000 tonnes of coke.

Source - Share Cast

(www.coalguru.com)