CONSOL's Coal Division produced 7.1 million tons for the fourth quarter of 2013, including 1.2 million tons of low-vol coking coal from the company's Buchanan Mine. This was greater than the 6.6 million tons, including 0.7 million tons from Buchanan, in the fourth quarter of 2012. Annual 2013 coal production was 28.5 million tons, including 4.7 million tons from Buchanan. Annual 2012 coal production was 27.2 million tons (all coal tons were restated to reflect the sale of five mines in the fourth quarter).During the fourth quarter of 2013, CONSOL's total coal inventory remained unchanged at 0.6 million tons as of December 31, 2013. Thermal coal inventory decreased by 0.1 million tons to 0.4 million tons during the quarter, as sales exceeded production. Low-vol Buchanan inventory increased by 0.1 million tons to 0.2 million tons during the quarter.
CONSOL Energy Announces Operations Update
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts