INTERNATIONAL COAL NEWS

Coal & Allied production, sales take a dive

RIO Tinto subsidiary Coal & Allieds share of coal production has taken a 13% dive since the first...

Staff Reporter

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Coal production for the period totalled 3.9 million tonnes, down from 5.8Mt in the same period last year and 4.6Mt in the previous quarter.

Sales also took a dive to 4.3Mt from 5.1Mt in the same period last year and 4.9Mt in the first quarter of 2007.

During the three-month period, Coal & Allied declared force majeure on a number of its sales contracts effective from June 8, 2007, as a result of severe floods affecting its mines.

“These weather conditions affected the Hunter Valley coal chain and prevented Coal & Allied from delivering coal to the Port of Newcastle,” the company said.

Sales and production for the second half of 2007 will be aligned with allocated port capacity and are anticipated to be at similar levels to the first half of the year.

Coal & Allied’s three operations are Bengalla, Mount Thorley Warkworth and Hunter Valley Operations – an amalgamation of previously independent coal mines.

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