Caledon Resources
Caledon Resources (ASX: CCD, LON: CDN) is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology.
The Company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study.
Caledon Q4 and full-year coal production from Cook mine rises
Wednesday, January 28, 2009
Caledon Resources PLC reported a 67 percent year-on-year rise in raw coal production from the Cook mine in the fourth quarter, and a 115 percent rise for the full-year to end-December, to 159,000 tons and 548,000 tons, respectively.
Quarterly production of coking coal at Cook rose 58 percent from the previous fourth quarter to 106,000 tons, and was up 122 percent for the year at 378 tons, while Caledon produced 36 percent more thermal coal in the fourth quarter, 17,000 tons, and 66,000 tons in the full year, a 103 percent rise.
Coking coal sold in the fourth quarter was up 72 percent at 105 tons, and up 166 percent for the year at 397 tons. Sales of thermal coal rose 142 percent from the fourth quarter 2007 to 36,000 tons and was up 248 percent from the previous full year at 66,000 tons.
Caledon is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation. The company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study.
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