News Release
Record quarterly thermal coal production*, 13% higher than the same period in 2010 and 22% higher than the second quarter of 2011.
Increased volumes of nickel and zinc metal and lead in concentrate production compared to same period last year.
Base metals and coal operations remain on track to deliver a stronger second half performance compared to first half 2011.
Thermal coal prices remain strong with 1 October annual contracts settled with long-term Japanese customers at $126.50 per tonne FOBT (6322GAR basis), following major settlements for the year from 1 April concluded at $129.85 per tonne.
Major growth projects remain on time and on budget with Antamina (copper-zinc), Collahuasi 150ktpd (copper), Koniambo (nickel), Antapaccay (copper) and Ravensworth North (thermal coal) projects on track to start production in 2012.
Four growth projects were approved during the period:
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4traders.com
Record quarterly thermal coal production*, 13% higher than the same period in 2010 and 22% higher than the second quarter of 2011.
Increased volumes of nickel and zinc metal and lead in concentrate production compared to same period last year.
Base metals and coal operations remain on track to deliver a stronger second half performance compared to first half 2011.
Thermal coal prices remain strong with 1 October annual contracts settled with long-term Japanese customers at $126.50 per tonne FOBT (6322GAR basis), following major settlements for the year from 1 April concluded at $129.85 per tonne.
Major growth projects remain on time and on budget with Antamina (copper-zinc), Collahuasi 150ktpd (copper), Koniambo (nickel), Antapaccay (copper) and Ravensworth North (thermal coal) projects on track to start production in 2012.
Four growth projects were approved during the period:
Read More
4traders.com
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