Thursday, February 2

Xstrata thermal coal surges on the back of new mines

RECORD thermal coal production from Australia underpinned a solid year for Swiss miner Xstrata, which is continuing to expand aggressively here.

Xstrata opened its Mangoola Coal Mine near Denman in New South Wales last February, helping the company's total thermal coal production from Australia rise 12 per cent to 49.8 million tonnes for the year, despite floods in the first quarter and disruptions at Blakefield South and Ulan.

Coking coal production from Australia was 7.6 million tonnes last year, down slightly from 7.7 million tonnes in 2010.


SMH

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