Macarthur Coal has announced its achievement of high sales for fiscal year 2010, in spite of its poor posting for the second quarter of this year.

The mining firm said improved economic conditions, increased production, and successful sales coal stock opening high all supplemented the improved sales record for the fiscal year ending on June 30.

Total figures state Macarthur Coal has sold a sum of 5.32 million tonnes in the fiscal year 2009-10, which improved by 15.3 per cent from the previous year.

However, sales posting for the second quarter decreased by 10.8 per cent compared to the previous year's corresponding period.

The collier stated total sales for the year was above forecast figures ranging from 4.8 million tonnes up to 5.0 million tonnes.

Macarthur Coal said the quarterly sales in June were less compared to the quarterly figures of June 2009 because sales from that time were at record levels due to the sell down of stock on coal, in relation to the world fiscal crisis.

The mining firm said its yearly production for fiscal year 2010 improved by 7.7 per cent, at exactly 5.03 million tonnes, but fell by 8 per cent in the quarter of June 2010 compared to previous period's corresponding quarter.

"This is a significant result for the company especially given the economic environment at the beginning of the financial year," Macarthur Coal said.