Baralaba Coal Company Limited
Baralaba Coal Company Limited (ASX: BCL) is a growing Australian metallurgical coal producer, operating a ultra low-volatile PCI mine in central Queensland. Baralaba Coal has been expanding operations in Baralaba to 3.5 Mtpa of product coal, up from current approvals of 1 Mtpa. Baralaba Coal has also been advancing emerging coal projects in Queensland, possessing a significant portfolio of pipeline development opportunities in the Bowen, Galilee and Surat Basins.
Recent Company Announcements
Company Update and Reinstatement to Official Quotation
The Company made announcements on the ASX on 22 December 2016, which included a Company Update, Baralaba North Coal Reserve Report, Baralaba North Coal Resource Report and a Notice of Extraordinary General Meeting. The Company’s shares were reinstated to official quotation on the ASX on the same day.
ASX Share Consolidation and Company Name Change
At the Annual General Meeting held on 16 November 2016, shareholders voted to approve a 500 to 1 share consolidation. Shareholders should start seeing updated holdings on online platforms from 22nd November and will be mailed on 28th November 2016.
At the AGM, shareholders also voted to change the name of the company from Cockatoo Coal Limited (ASX:COK) to Baralaba Coal Company Limited (ASX:BCL). The ASX will be updating its systems for this name change shortly after the share consolidation and should be in place by 30 November 2016.
Please see the AGM notice of meeting for further detail.
For any technical questions on your holdings please contact your broker, or for direct holdings contact Computershare
|Total Baralaba Complex||June 2016 Qtr||Previous Quarter|
|ROM Coal Production (tonnes)||526||58,857|
|Overburden Removed (bcm)||0||1,246,284|
|Coal Stocks at Quarter End (tonnes)||67,430||73,347|
|Total Coal Sales (tonnes)||6,433||93,127|