Monday, February 15, 2010

Wesfarmers Sees Sales Increase From Curragh Coal Mine

Australian conglomerate Wesfarmers Ltd says sales from its Curragh coal mine in Queensland are expected to rise to between 8 and 8.5 million tonnes a year, from current levels of 6.5-7 mtpa after signing a new long-term contract with Thiess Pty Ltd for increased overburden removal.

"The Thiess contract will result in the Curragh North mining area utilising an ultra-class fleet with Curragh and Thiess to be operating some of the largest earth moving equipment in Australia from mid 2011," Wesfarmers said in a statement.

The company said that the agreement, together with the Curragh mine's expansion, will enable the company to take advantage of the expected increase in seaborne metallurgical coal demand.

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