Caledon Resources
Caledon Resources plc is a dual listed public Company listed on the Alternative Investment Market of The London Stock Exchange and The Australian Securities Exchange (trading symbol: "AIM:CDN & ASX: CCD"). 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 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
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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Other Caledon Resources articles
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28/08/09 Caledon Resources pares losses, outlook more encouraging for coal
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20/01/09 Caledon Resources in takeover discussions
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07/11/08 Caledon - Cook starts to cut the mustard
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20/05/08 Caledon Resources: What's the story?
Other Caledon Resources news
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26/02/10 Caledon Resources sets 700 kt coal sales target for 2010 as prices and demand recover
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12/02/10 Caledon Resources places loan notes to raise £4.2 million for working capital
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12/02/10 Caledon Resources places loan notes to raise £4.2 million for working capital
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28/01/10 Caledon Resources says 2009 saleable coal production in line, to explore expansion opportunities in 2010
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08/12/09 Caledon Resources ends offer talks after ten months of discussions
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26/10/09 Caledon Resources Updates on Cook Mine and Ongoing Discussions with Potential Acquirers
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29/09/09 Caledon Resources receives more interest to acquire the company
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07/08/09 Caledon Resources confirms Essar approach over possible cash offer
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06/08/09 Caledon Resources guarded over speculation of takeover by India’s Essar
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23/07/09 Arbuthnot reiterates Caledon Resources is a ‘Strong Buy’