
Cockie dances to expansion tune
SINCE listing on the ASX in 2005, Australian metallurgic coal producer Cockatoo Coal has made the transformation from a junior explorer to an emerging coal producer and is pushing ahead with plans to further establish itself as a significant, independent coal company in coming years. Despite widespread flooding affecting operational performance in 2011, Cockatoo achieved record production levels at its flagship Baralaba coal mine in Queensland. For the year ending June 30, 2012, 600,171t of coal was produced at the Bowen Basin pulverised coal injection (PCI) mine: a significant increase from the same period a year earlier, when coal production was just 181,081t. Achieving a record profit before tax of $22.1 million including a $13.3 million gross profit from coal...