Massive quarterly improvement at Curragh
COAL output explodes despite annual declines of nearly 20 percent.
Wednesday 27 July 2016
Wesfarmers have increased metallurgical coal production by a staggering 79 percent and steaming coal by nearly 30 percent in the last quarter as they return to full production at the Curragh mine near Blackwater.
Despite the massive improvements, the company says overall production of steel-making coal for the year to June remained down nearly 20 percent as it dealt with difficulties created by the wet season.
“Overburden removal for the quarter ended 30 June 2016 was 11.0 percent higher than the previous quarter, driven by the successful commissioning of additional overburden removal equipment during the previous quarter,” Wesfarmers said.
“The increase in coal production reflected the impact of significant rainfall on mine operations in the January to March quarter.
“For the 12 months to June 2016, metallurgical coal production decreased by 19.3 percent to 7,316,000 tonnes and steaming coal production increased by 2.4 percent to 3,263,000 tonnes.”
The company remains focussed on its existing available resources with no investment in development or exploration in the last three months.
The impact of the last weeks rain event won't be known until the next production report released in September.