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, up from current approvals of 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. 

 

Highlights for March 2015 Quarter

  • $125 million equity raising completed
  • Restructure of Board of Directors
  • Appointment of new Chief Executive Officer
  • 28.5Mt offtake agreement reached with major shareholder Noble Group
  • Approvals for Baralaba Expansion continuing to progress

 

Mining Operations

Baralaba Complex March Quarter 2015 Previous Quarter
ROM Coal production (tonnes) 131,487 177,919
Overburden (bcm) 2,679,373 3,095,133
Coal stocks at quarter end (tonnes) 164,542 172,093
Total coal sales (tonnes) 139,038 255,826