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. 

 

Highlights for September 2014 Quarter

  • Production of 209,165 tonnes at Baralaba Complex
  • Agreement to release $37m of restricted cash through agreements with Cockatoo's major shareholders
  • Baralaba Expansion project stage 1 complete, stage 2 underway
  • Baralaba Expansion project EIS deemed adequate by DEHP
  • Resource upgrades at Baralaba North and South Pentland
  • Exploration Joint Venture agreed over Dingo West project with JOGMEC

 

Mining Operations

Baralaba Complex Septembet Quarter 2014 Previous Quarter
ROM Coal production (tonnes) 209,165 230,943
Overburden (tonnes) 4,185,981 3,904,481
Strip Ratio (Baralaba Central only) 8.8 7.5
Coal stocks at quarter end (tonnes) 249,997 237,525
Total coal sales (tonnes) 196,693 146,206