Contura Energy announced this week that as of March 7, 2017 its Central Appalachia (CAPP) division, which manages the metallurgical coal sales, reported 2.18 million mt (2.4 million nt) of met coal committed to contracts for the remainder of 2017 at an average price of $137.73/mt ($124.98/nt) FOB mine.
In the fourth quarter of 2016, metallurgical coal revenues were reported at $218.8 million on total sales of 1.485 million mt (1.637 million nt). Metallurgical coal revenues accounted for 49 percent of the company’s total revenue of $444 million in the fourth quarter.
According to the financial reports published, since its inception in July 26, 2016, Contura Energy has sold 2.784 million mt (3.068 million nt) of metallurgical coal in 2016 with actual CAPP metallurgical coal shipments in 2016 of 1.27 million mt (1.4 million nt) at an average per-ton realization of $109.55/mt ($99.41/nt).
According to the financial reports published, since its inception in July 26, 2016, Contura Energy has sold 2.784 million mt (3.068 million nt) of metallurgical coal in 2016 with actual CAPP metallurgical coal shipments in 2016 of 1.27 million mt (1.4 million nt) at an average per-ton realization of $109.55/mt ($99.41/nt).
Based in Tennessee, Contura Energy was formed from the acquisition of certain coal assets from Alpha Natural Resources’ restructuring efforts in late July 2016. It produces both metallurgical coal and thermal coal in its mining operation in Pennsylvania, Virginia, West Virginia and Wyoming.