COAL & ALLIED
MEDIA RELEASE
15 April 2009
Production Report for the quarter ended 31 March 2009
|
CNA |
1Q |
2Q |
3Q |
4Q |
1Q |
12 months |
'000 tonnes (100% basis) |
interest |
2008 |
2008 |
2008 |
2008 |
2009 |
2008 |
|
|
|
|
|
|
|
|
Hunter Valley Operations |
100% |
|
|
|
|
|
|
Thermal coal production |
|
2,143 |
1,830 |
1,645 |
2,268 |
2,212 |
7,886 |
Semi-soft coking coal production |
|
683 |
1,078 |
629 |
475 |
492 |
2,865 |
|
|
2,826 |
2,908 |
2,274 |
2,744 |
2,704 |
10,752 |
|
|
|
|
|
|
|
|
Bengalla Mine |
40% |
|
|
|
|
|
|
Thermal coal production |
|
1,053 |
1,607 |
1,296 |
1,402 |
1,126 |
5,357 |
|
|
|
|
|
|
|
|
Mount Thorley Operations (a) |
80% |
|
|
|
|
|
|
Thermal coal production |
|
382 |
428 |
918 |
53 |
513 |
1,780 |
Semi-soft coking coal production |
|
332 |
41 |
287 |
508 |
57 |
1,168 |
|
|
714 |
469 |
1,205 |
561 |
570 |
2,948 |
|
|
|
|
|
|
|
|
Warkworth Mine (a) |
55.6% |
|
|
|
|
|
|
Thermal coal production |
|
1,522 |
1,507 |
964 |
1,658 |
1,064 |
5,652 |
Semi-soft coking coal production |
|
1 |
46 |
215 |
125 |
75 |
386 |
|
|
1,523 |
1,553 |
1,179 |
1,783 |
1,139 |
6,038 |
|
|
|
|
|
|
|
|
Total Mount Thorley Warkworth |
|
2,237 |
2,022 |
2,384 |
2,344 |
1,709 |
8,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total coal production |
|
6,114 |
6,537 |
5,954 |
6,490 |
5,539 |
25,095 |
|
|
|
|
|
|
|
|
Total sales (b) |
|
6,050 |
6,233 |
6,196 |
6,605 |
5,214 |
25,084 |
|
|
|
|
|
|
|
|
Coal & Allied share |
|
|
|
|
|
|
|
Coal production |
|
4,664 |
4,788 |
4,413 |
4,745 |
4,244 |
18,610 |
Coal sales ('000 tonnes) |
|
4,571 |
4,660 |
4,625 |
4,810 |
4,044 |
18,666 |
|
|
|
|
|
|
|
|
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 4.2mt, 11 per cent lower than the December quarter in 2008, and nine per cent lower than the corresponding quarter last year.
During the quarter, production was adversely impacted by wet weather conditions. Bengalla's coal production was 20 per cent lower than the preceding quarter, due to the weather impact as well as coal seam sequencing. Mount Thorley Warkworth's production was 27 per cent down on the December quarter, largely impacted by coal seam presentation, truck availability and wet weather. Strong production and coal sales in the fourth quarter of 2008 resulted in all operations starting 2009 with low levels of in-pit coal inventories. Low opening in-pit inventories exacerbated the impact of wet weather in the first quarter of 2009.
Coal & Allied conducted an organisational review during the first quarter of 2009 and one outcome was a decision to shut the Mount Thorley Warkworth North coal preparation plant on a temporary basis. This shutdown is planned to last six weeks and is not expected to adversely affect Coal & Allied's production levels in 2009.
Sales
Coal & Allied's share of coal sales in the first quarter was 16 per cent lower than the previous quarter and is in line with production.
Despite the lower production in the first quarter of 2009, Coal & Allied anticipates that full year 2009 export sales will be in line with port allocation, and total sales will be comparable with 2008.
Other
There was no exploration activity during the quarter. The ROM hopper relocation project at Bengalla is scheduled to commence tie in activities in mid May. This is consistent with the original project timetable.
For further information contact:
Media Enquiries: Investor Enquiries:
Alison Smith Dave Skinner
(07) 3361 4223 / 0438 787 038 03 9283 3628 / 0408 335 309