Alpha Metallurgical Resources expects its coal shipments to be in the range of 14.8mn t (13.4mn mt) to 16.2mn t during 2021.
The company’s steelmaking coal division, known as Met Segment expects its shipments to be between 13.5-14.5mn t in 2021, up from 12-12.5mn t guidance in 2020. Under this, its pure metallurgical coal shipment is projected to be in the range of 12.5mn t to 13mn t and incidental thermal shipment is expected to be around 1mn t to 1.5mn t this year.
Alpha’s total coal shipment in Q4 2020 dropped to 3.7mn t compared to 4.2mn t in Q4 2019 and was down from 4mn t in Q3 2020.
The US based miner’s net loss in the fourth quarter of 2020 was $55.1mn compared to $210.2mn in Q4 2019. Its adjusted EBITDA in Q4 2020 was $7.4mn compared to $22.1mn in the same quarter in 2019.