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 September 2015 Quarter

  • Cost reduction program continuing in response to further declines in benchmark PCI prices.
    Cumulative cost reductions to date circa $30 per tonne
  • Post Quarter end – Record monthly sales of 291,994 tonnes in October
  • Construction of the new train load out facility and balloon loop > 95% complete
  • Commenced construction of the Dawson Highway Overpass


Mining Operations

Baralaba Complex September 2015 Qtr Previous Quarter
ROM Coal production (tonnes) 219,547 182,871
Overburden Removed (bcm) 2,431,028 3,158,198
Coal stocks at Quarter end (tonnes) 378,771 271,715
Total coal sales (tonnes) 112,491 75,274