Ferreira
Key Points:
- Conventional opencast contract mining operation
- Mining initially commenced in August 2008, with new opencast pit development in November 2010
- Located 2km from the Company's 1.8Mtpa Delta Processing Plant and adjacent to 1.2Mtpa Anthra railway siding on the coal-line to Richards Bay
- Production of a high quality export thermal coal product sold to the international export markets out of Richards Bay Coal Terminal
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Year to date (30 April 2012) ROM coal production of 574,419 tonnes and export sales of 496,065 tonnes achieved at the Ferreira Coal Mine and the Delta Processing Operations with an unaudited net profit after tax of ZAR37.1m reported against a budget of ZAR24.4m
- Budgeted coal production for 2012 year of 600,000t ROM
- Extension to mine life: Continental Coal's subsidiary Mashala Resources has acquired the right to develop the Prospecting Rights comprising Portions 25, 27 and 100 of the farm Witbank 262 IT
- Prospecting Rights are located immediately adjacent to and adjoining the current open cast mining activities
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Mine planning work has now commenced on the Prospecting Rights to incorporate them into the Ferreira Coal Mine’s new and extended mine plan
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Mining activities at Ferreira are now planned to extend from the current open cast operations across and into the recently acquired Prospecting Rights
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Mining of an additional 600,000 to 700,000 ROM tonnes is forecast from the new acquisitions, subject to receipt of Government approvals
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Acquisitions demonstrate the strategic importance of the Delta Processing Operations, the Anthra Rail Siding and ability to export coal through the Richards Bay Coal Terminal
Ferreira Location Map
