Seaborne metallurgical costs: past, present and future
To say global metallurgical coal producers have been on a rollercoaster the past five years would be an understatement. Prices and costs hit record highs in 2011, and both have since plummeted. We estimate the weighted average total cash cost for all seaborne metallurgical coal rose by 60%, or US$48.8/tonne (real 2013), between 2009 and 2011. Producers took action to cut costs and these efforts paid off as the weighted average fell 14% - US$18.4/tonne (real 2013) from 2011.