Coal & Allied 1st Half Coal Sales Total 9.88 Million Tons
July 13 2011 - 12:53AM
Dow Jones News
Coal sales by Coal & Allied Industries Ltd. (CNA.AU) totaled
9.88 million metric tons over the first six months of 2011, a 17%
increase over the same period of the previous year, the Rio Tinto
Ltd. (RIO)-controlled miner said Wednesday.
Coal & Allied, one of the biggest miners in the Hunter
Valley region of New South Wales state--the world's largest thermal
coal export basin--said total production from its mines, including
minority partners, rose 10% to 13.2 million tons.
But total production of semi-soft coking coal, a higher-grade
variant that can be used in both power stations and steelmaking
blast furnaces, slipped 16% to 2.2 million tons, despite soaring
prices caused by flooding in neighboring Queensland state.
The company said it remains on target to achieve full-year
saleable coal production 5%-10% above 2010's level, when Coal &
Allied's share came to 18.8 million tons.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com
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