Caledon Resources has reported a 67 percent year-on-year rise in raw coal production in the fourth quarter at its Cook mine in the Bowen Basin, Queensland. This translates to a 115 percent rise for the full-year to end-December, to 159,000 tonnes and 548,000 tonnes, respectively.
Coking coal production rose by 58 percent year-on-year to 106,000 tonnes, while the figure for the year rose by 122 percent to 378,000 tonnes.
Thermal coal production rose by 36 percent year-on-year to 17,000 tonnes for the quarter and 66,000 tonnes for the year - a rise of 103 percent.
Coal sales for the quarter also showed healthy year-on-year gains. Coking coal sales were up by 72 percent to 105,000 tonnes and thermal coal sales rose by 142 percent to 36,000 tonnes. Figures for the year were 397,000 tonnes for coking coal - a rise of 166 percent - and 66,000 tonnes for thermal coal - a rise of 248 percent.
Total coal stocks fell slightly, to 36,000 tonnes at the end of December, down from 41,000 tonnes at the end of September and compared to 40,000 tonnes at the end of December 2007.
Caledon acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation. The company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study.
Exploration activity on the Minyango tenements during the quarter included drilling, analysis and pre-feasibility studies with costs incurred amounting to $217,000.
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