Cockatoo Coal Limited (Administrators Appointed)
Grant Sparks, Martin Ford and Stephen Longley of PPB Advisory have been appointed Administrators effective 16 November 2015, for more information please click here.
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 has been expanding operations in Baralaba to 3.5 Mtpa of product coal, up from current approvals of 1 Mtpa. Cockatoo has also been advancing emerging coal projects in Queensland, possessing a significant portfolio of pipeline development opportunities in the Bowen, Galilee and Surat Basins.
Highlights for December 2015 Quarter
Baralaba Mine achieved record quarterly sales of 463kt.
Queensland Land Court recommended that the EA amendment application be approved, with the EA amendment allowing Cockatoo Coal Limited to increase production at Baralaba Mine from 1Mtpa to 3.5Mtpa.
Cockatoo Coal Limited and three associated companies, Baralaba Coal Pty Ltd, Cockatiel Coal Pty Ltd and Wonbindi Coal Pty Ltd appointed Grant Sparks, Martin Ford and Stephen Longley of PPB Advisory as Administrators effective 16 November 2015.
Administrators intention that the Baralaba North Mine will continue to operate in order to generate ongoing revenue and preserve its value.
|Total Baralaba Complex||December 2015 Qtr||Previous Quarter|
|ROM Coal production (tonnes)||191,528||219,547|
|Overburden Removed (bcm)||3,221,815||2,431,028|
|Coal stocks at Quarter end (tonnes)||107,585||378,771|
|Total coal sales (tonnes)||462,681||112,491|