Summary by Futu AI
Mines Energy Group Co., Ltd. (“Mines Energy”), a holding subsidiary of Mines Energy Group Co., Ltd. (“Mines Energy”), has announced operating data for the fourth quarter of 2023. According to the announcement, Coal Australia's fourth-quarter commodity coal production (equity share) reached 9.7 million tonnes in 2023, up 47% from 6.6 million tonnes in the same period in 2022; commodity coal sales (equity share) reached 10.1 million tonnes, up 46% from the same period in 2022. However, the average realized price fell to AU$196/ton from A$422/t in 2022, a decrease of 53%. Year-over-year, commodity coal production and sales in 2023 grew 14% and 13%, respectively, compared to 2022, while average realized prices fell by 39%. Details have been published on the Australian Stock Exchange and the Hong Kong Stock Exchange Limited website. This announcement was made on 18 January 2024 by Chairman Li Wei, Chairman of Mines Energy.