2020Annual Report
Welcome to our 2020 digital annual report. Scroll down to review our Chairman and CEO’s report, financial and operational updates, our sustainability highlights, and other key reports including our financial statements.
If you prefer to read a printed version you can download a pdf here.
Chairman and CEO’s highlights
Toko Kapea and Richard Tacon discuss how this year has shown that a diversified portfolio strategy has paid off.
Read more2020 Highlights
2020 Highlights
Underlying profit after tax* $25.8m
$251m
contributed to the New Zealand economy
EBITDA* $76.8m
Three entries named finalist in the Minerals Sector Awards 2020
*EBITDA and underlying profit after tax are both non generally accepted accounting principles ("GAAP") reporting measures. Further information here.
*EBITDA and underlying profit after tax are both non generally accepted accounting principles ("GAAP") reporting measures. Further information here.
Financials and operations
Global market uncertainty and the COVID-19 pandemic have had their impacts, but our results show we have a strong and reliable business.
At a glance
Sales and financial overview
Our results for the year speak for themselves, showing we can continue to deliver steady domestic earnings, and solid export earnings despite pricing volatility.
- Quickview
- 2 Minute Read
At a glance
Our export business
Despite challenging market conditions we still achieved a 32 percent operating profit margin.
- Quickview
- 3 Minute Read
At a glance
Our domestic business
As the results show, our domestic segment contributes stable earnings year-on-year.
- Quickview
- 1 Minute Read
At a glance
Operating highlights by site
• Rotowaro (65 percent equity share)
• Maramarua (65 percent equity share)
• Stockton (65 percent equity share)
• Canterbury (100 percent equity share)
• Takitimu (100 percent equity share)
- Quickview
- 4 Minute Read
At a glance
Future growth projects
• Buller (100 percent equity share)
• Stockton organic growth project (65 percent equity share)
• Rotowaro North (65 percent equity share)
• Crown Mountain, Canada (22 percent equity share)
- Quickview
- 3 Minute Read
Sustainability
We are committed to economic, social and environmental sustainability; it is fundamental to our business and operations.
Sustainability
Sustainability – what does it mean to us?
A focus on sustainability isn’t just a way of doing things – it’s the driver behind all that we do.
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- 3 Minute Read
Health and safety material topic
Our world-class people, processes, and promises
We continue to focus on our people, their safety and wellbeing, while mitigating operational risks.
- Quickview
- 3 Minute Read
Occupational health monitoring
Safe and well at work
We continue to promote a balanced approach to fitness and wellbeing - for our people's health at work and at home.
- Quickview
- 3 Minute Read
Socio-economic material topics
How we operate within and support our local communities
Effective engagement with stakeholders and responsible management of resources for effective outcomes is important to us.
- Quickview
- 3 Minute Read
A social and economic study
Our contribution to the West Coast region
Mining and miners are a significant and living part of the West Coast.
- Quickview
- 6 Minute Read
Environmental material topics
Managing our impact on air, water and land
Our aim is to reduce our carbon footprint and minimise the environmental effects of our operations.
- Quickview
- 11 Minute Read
Canterbury mudfish / kōwaro conservation
Protecting a regional treasure
We have stepped in to help protect the critically-endangered Canterbury mudfish / kōwaro.
- Quickview
- 2 Minute Read
Governance material topics
Making sure we are compliant and prepared
Operating our business with a governance and emergency preparedness approach is fundamental to ensuring we operate safely.
- Quickview
- 3 Minute Read
Governance and other reporting
Corporate directory
Download a printable pdf version of the Corporate directory (PDF 97Kb)
Financial statements
Our financial results for the year show strong earnings from our day to day business of selling coal.
Financial statements
Download a printable pdf version of the Financial statements (952Kb)