Cockatoo Coal Limited

Cockatoo Coal Limited (Cockatoo) (ASX: COK) is a rapidly growing Australian metallurgical coal producer, operating a ultra low-volatile PCI mine in central Queensland. Cockatoo intends to expand operations in Baralaba to 3.5 Mtpa of product coal from 2015, up from the recently approved 1 Mtpa. Cockatoo is also advancing emerging coal projects in Queensland, posessing a significant portfolio of pipeline development opportunities in the Bowen, Galilee and Surat Basins. Cockatoo also has a presence in New South Wales managing the Bylong Coal Project in the Western Coalfields.

 

Highlights for March 2014 Quarter

  • Takeover of Blackwood Corporation completed
  • Baralaba Central quarterly production on target
  • ~160,000t coal sold during quarter
  • Mining Lease 80200 received in record time
  • Baralaba North overburden removal more than 500,000 BCM ahead of schedule
  • Liebherr 996 excavator and 4 x Caterpillar 793 dump trucks commissioned
  • Baralaba North levee construction approximately 90% complete
  • Submission of EIS for Baralaba North

 

Mining Operations

Baralaba March Quarter 2014 Previous Quarter
ROM Coal production (tonnes) 119, 906 138, 685
Overburden (tonnes) 901, 528 1, 127, 312
Strip Ratio 7.5 8.3
Coal stocks at quarter end (tonnes) 153, 550 193, 254
Total coal sales (tonnes) 158, 610 231, 459