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In its June quarterly report Felix said it sold 1.18 million tonnes for the period, up from 1Mt at the same time last year.
Felix produced a total of 4.69Mt in the 2007/08 financial year, which was also a welcome 26% hike from the 2006/07 financial year.
Its production for the June quarter was 1.089Mt, up 2%.
The company revised its profit guidance upwards from $A220–240 million before tax, to $245–255 million thanks to a “substantial uplift” in coking coal prices.
Felix’s Ashton and Yarrabee coal products experienced a 300% price increase for the 2008/09 Japanese financial year.
The Ashton underground mine in the New South Wales Hunter Valley exceeded its budget in May and June and its longwall is now being transferred to the next panel.
Construction on the company's Moolarben project is set to start next month after Felix was ordered to pay more than $500,000 in compensation for land access to neighbouring Xstrata subsidiary Ulan Coal.
Felix’s full-year results will be released on August 28.
Felix closed up 4.23% yesterday at $A20.22.
