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Output increases as Paringa ramps up

31st October 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Coal miner Paringa Resources has continued to ramp up production from its US operations during the three months to September.

The ASX-listed miner on Thursday reported that run-of-mine production from its Poplar Grove operation, in western Kentucky, had increased to 277 600 t during the September quarter, up from the 95 000 t produced in the previous quarter, while saleable coal production had increased to 143 300 t, from 26 700 t.

The company previously told shareholders that sales revenue had reached a record A$5.7-million in the September quarter, as coal shipments during the period increased from 26 000 t to 136 000 t.

Coal sales for the December quarter are expected to increase further as the operations continue to ramp up.

The 2.8-million-tonne-a-year Poplar Grove thermal coal mine forms part of Paringa’s 40 000-acre Buck Creek complex, which also contains the 3.8-million-tonne-a-year Cypress mine, where construction is set to begin in 2019.

Edited by Creamer Media Reporter

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