Curragh dragline performance helps lift Coronado result

CORONADO Global Resources has lifted saleable production at its Curragh mine in Queensland for the June quarter by 5.1% to 3.2 million tonnes with the help of improved dragline efficiency at the open cut mine.
Curragh dragline performance helps lift Coronado result Curragh dragline performance helps lift Coronado result Curragh dragline performance helps lift Coronado result Curragh dragline performance helps lift Coronado result Curragh dragline performance helps lift Coronado result

Curragh coal mine in Queensland.

Coronado CEO Gerry Spindler said Curragh's continued operational improvements had delivered a sizeable increase in run-of-mine, saleable production and sales volumes in the June quarter compared to the March quarter.

"Run-of-mine production benefitted from the improved performance of overburden removal and a 2% increase in dragline efficiency compared to the March 2019 quarter," he said.

"Our Australian operations delivered 3.3Mt in sales representing an increase of 8.9% on the prior quarter.

"This pleasing result was underpinned by significantly improved rail availability that allowed us to recover delayed sales from the March 2019 quarter."

Metallurgical coal as a proportion of saleable production was 83.8%, up 4.9% compared to the prior quarter.

Export sales of 77.8% were up 3.2% compared to the prior quarter

The company's realised metallurgical coal price of US$137.8 per tonne was up 0.5% on the prior quarter.