15th Jul 2009 07:31
MEDIA RELEASE
15 July 2009
Production report for the quarter ended 30 June 2009
|
|
CNA |
2Q |
3Q |
4Q |
1Q |
2Q |
1H |
1H |
|
'000 tonnes (100% basis) |
interest |
2008 |
2008 |
2008 |
2009 |
2009 |
2008 |
2009 |
|
|
||||||||
|
Saleable production Hunter Valley Operations |
100% |
|
||||||
|
Thermal coal |
1,830 |
1,645 |
2,268 |
2,212 |
2,383 |
3,972 |
4,595 |
|
|
Semi-soft coking coal |
1,078 |
629 |
475 |
492 |
346 |
1,760 |
838 |
|
|
2,908 |
2,274 |
2,744 |
2,704 |
2,729 |
5,732 |
5,433 |
||
|
Bengalla Mine |
40% |
|||||||
|
Thermal coal |
1,607 |
1,296 |
1,402 |
1,126 |
1,438 |
2,659 |
2,564 |
|
|
Mount Thorley Operations (a) |
80% |
|||||||
|
Thermal coal |
428 |
918 |
53 |
513 |
478 |
809 |
991 |
|
|
Semi-soft coking coal |
41 |
287 |
508 |
57 |
157 |
373 |
214 |
|
|
469 |
1,205 |
561 |
570 |
635 |
1,182 |
1,205 |
||
|
Warkworth Mine (a) |
55.6% |
|||||||
|
Thermal coal |
1,507 |
964 |
1,658 |
1,064 |
918 |
3,030 |
1,982 |
|
|
Semi-soft coking coal |
46 |
215 |
125 |
75 |
217 |
46 |
292 |
|
|
1,553 |
1,179 |
1,783 |
1,139 |
1,135 |
3,076 |
2,274 |
||
|
Total Mount Thorley Warkworth |
2,022 |
2,384 |
2,344 |
1,709 |
1,770 |
4,258 |
3,479 |
|
|
Total coal production |
6,537 |
5,954 |
6,490 |
5,539 |
5,937 |
12,651 |
11,476 |
|
|
Total sales (b) |
6,233 |
6,196 |
6,605 |
5,214 |
6,184 |
12,283 |
11,398 |
|
|
Coal & Allied share |
||||||||
|
Coal production |
4,788 |
4,413 |
4,745 |
4,244 |
4,443 |
9,452 |
8,687 |
|
|
Coal sales ('000 tonnes) |
4,660 |
4,625 |
4,810 |
4,044 |
4,629 |
9,231 |
8,673 |
|
Production can be sourced from either mining lease and is allocated over the year based on the tonnage commitment ratio contractually agreed between the Mount Thorley and Warkworth joint ventures.
Sales relate only to coal mined by the operations and exclude traded coal.
Production figures are sometimes more precise than the rounded numbers shown, hence small differences may result between the total of the quarter figures and the full year figures.
Production
Coal & Allied's share of saleable coal production for the quarter was 4.4mt, five per cent higher than the March quarter, and seven per cent lower than the corresponding quarter last year.
Wet weather continued to impact the operations, but to a lesser extent than in the first quarter. Hunter Valley Operations' production increased by one per cent on the previous quarter. Bengalla's coal production was 28 per cent higher than the preceding quarter, primarily due to improved mining conditions and a variation in coal seams, partially offset by delays associated with the commissioning of a new ROM hopper. Mount Thorley Warkworth's production increased four per cent from the March quarter, however was 13 per cent below the same quarter last year due primarily to an increased strip ratio.
The production of semi soft coking coal is 38 per cent lower in the first half of 2009 compared with the first half of 2008. Semi soft coking coal production was increased in 2008 to take advantage of the high semi soft coking coal prices relative to thermal coal prices at that time.
Sales
Coal & Allied's share of coal sales in the second quarter was 15 per cent higher than the previous quarter largely due to the timing of higher domestic sales and available port allocation.
During May, a reduction of 1mt in the declared coal chain capacity was announced due to a rail outage caused by heavy rains in late March/early April. This will have an impact of approximately 250kt on Coal & Allied's annual port allocation for 2009.
Coal & Allied anticipates that full year 2009 sales volumes will be in line with the revised port allocation and will be broadly similar to 2008.
Other
There was no exploration activity during the quarter.
For further information contact:
Media Enquiries: Investor Enquiries:
Alison Smith Dave Skinner
(07) 3361 4223 / 0438 787 038 03 9283 3628 / 0408 335 309
www.coalandallied.com.au
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