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Over the second quarter of fiscal 2007, Bounty produced about 163,000 tonnes from the 1.6m coal seam at CapCoal’s Aquila bord and pillar operation in Queensland, located between Anglo’s Southern and Grasstree operations.
This compared with 115,000t in the first quarter where production was down in
December primarily due to the holidays.
“The tonnage achieved was 3000 tonnes over our internal forecasts and marks a milestone in our operations at Aquila,” Bounty managing director Mark Gray said.
“The two units continue to mine approximately 40m per shift and we are looking to achieve similar tonnage for the rest of fiscal 2007.”
The lift in production comes as good news for Bounty, which has been struggling to achieve high production rates on the contract. Expensive development work at Aquila and subsequent slower production resulted in a negative cash flow for the first quarter.
Then in the first half of October, Bounty ran only one production unit due to the second unit being moved from the A100 Panel, which is over subsided ground, to virgin ground in the Aquila Mains.
