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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (31308)1/16/2009 2:03:02 PM
From: LoneClone  Read Replies (1) of 194356
 
Coal & Allied Q4 output flat

steelguru.com

Rio Tinto Ltd majority owned Coal & Allied Industries Ltd said that its fourth quarter output was in line with the corresponding period last year after maintenance and improved mining conditions.

The company's share of saleable production during the three months to December 31 was 4.745 million tonnes, in line with the previous corresponding quarter of 4.746 million tonnes.

Coal & Allied said that output was8% higher than the third quarter after the conclusion of maintenance at the Hunter Valley operations in NSW and an improvement at the nearby Bengalla mine.

It added that “Coal sales during the fourth quarter dipped by 5.7% to 4.81 million tonnes, which was in line with the company's allocated port capacity.”

It also said that “Its semi soft coking coal production in the fourth quarter was 16% higher than the previous corresponding quarter, to maximize the return on current contracts.”

Full year output for 2008 was 18.61 million tonnes up by 4.8% YoY.
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