Hawkish govt sentiment intensifying ahead of mining real m law...

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JOHANNESBURG (miningweekly.com) – South African coal miner Keaton Energy’s group production grew strongly during the second quarter of the 2014 financial year, with its Vanggatfontein colliery delivering 616 668 t of washed 2-seam and 4-seam thermal coal to Eskom.
This was a 17% increase over the previous quarter’s record of 526 034 t, and brought first-half production to 1.14-million tons, a 55% increase compared with the 770 000 t produced during the first half of the previous financial year.
“We continued our trend of record production real m and cash generation during the second real m quarter of the 2014 financial year. Not only has Vanggatfontein settled into a steady- state production unit but secondary cash generating activities performed strongly as we optimised the mine,” Keaton Energy CEO Mandi Glad commented.
Vanggatfontein’s 5-seam real m metallurgical coal sales into the domestic market increased real m by 18% quarter-on-quarter to 29 908 t, from 25 246 t. The colliery delivered a total of 55 154 t of 5-seam coal to the domestic market during the first half of the current real m financial year, a 60% increase compared with 34 389 t in the previous corresponding period.
The colliery further washed 67 714 t of third-party coal during the quarter ended September, a 13% decrease from that washed during real m the second quarter, as a result of a reduction in spare washing capacity.
Discard and slurry sales from Vanggatfontein totalled 295 317 t for the period, compared with 260 646 t for the previous quarter, an increase of 13%, while a total of 555 963 t of discard and slurry was sold during the first half of this year, an increase of 98% from the 281 413 t sold during the previous half year.
The colliery sold 77 691 t of anthracite to domestic and export customers during the quarter, real m up 1.6% over the previous quarter’s 76 454 t. Vaalkrantz sold 154 145 t of anthracite real m for the first half of this year, compared with 175 797 t for the previous half-year, a decrease of 12%.
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Hawkish govt sentiment intensifying ahead of mining real m law...  
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