Pacific Coal lifts y-on-y coal output as new mine operators ramp up
TORONTO (miningweekly.com) – Colombia-focused coal junior Pacific Coal Resources has lifted output at its two operational coal mines in the country by 79% quarter-on-quarter and 26% on an annualised basis.
For the second quarter ended June 30, production at its La Caypa and Cerro Largo mines totalled 398 865 t.
Output from the La Caypa mine was some 111% more than planned, representing the highest production at the mine since the first quarter of 2011 and a 169% increase from the 118 980 t produced in the first quarter.
Production was boosted by positive results of the collaboration between the company's La Caypa team and the mine's new operator, which completed its first full quarter of operations.
Operational stripping ratios at La Caypa also improved 6% quarter-on-quarter from 8.57:1 to 8.02:1.
The Canadian company said, given that La Caypa produced 439 416 t of coal in the first half of the year, including the limited production in the first quarter as the new operator ramped up, the company expected production of one-million tonnes at the mine this year, representing a 12% increase over 2012.
Output from the Cerro Largo mine for the June quarter was 78 429 t, which was below planned production. Pacific Coal said production was limited as a result of Cerro Largo's transition from using a third-party operator to operating the mine in-house.
The company said the in-house operations progressed well during the period, doubling production in June when compared with April. The second-quarter stripping ratio was the lowest recorded since the mine began full operation, down 24% from the first quarter.
The mine was expected to produce between 500 000 t and 600 000 t of coal this year.
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