Narama output down

ILUKA'S 50% share of production in the Narama opencut thermal coal mine in New South Wales declined by 25.7% during the September quarter compared to the previous period.

Donna Schmidt

Quarterly production of 246,723 tonnes contributed towards 841,447t for the year to date, 6% behind on last year's figures.

 

Iluka said it expected full-year sales to be in line with the previous year.

 

During August, Iluka announced it would sell its 50% interest in Narama to Xstrata Coal for approximately $A53 million. The sale will give Xstrata 100% ownership.

 

The Narama mine is located approximately 25km northwest of Singleton, and produces approximately 2.5 million tonnes of saleable thermal coal per annum.

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