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September 2001 Quarterly Report

Principal Points

22 October 2001

  • Second highest coal production quarter to date of 233,000t run-of-mine coal despite scheduled suspension in mid-August for the move to the next production zone in SL2, where production has since recommenced in October.
  • Gold production of 7,800oz retarded by lower productivity during enterprise agreement negotiations and by materials-handling problems in new Monkland Mine production zone S1...these issues resolved and production back on track with increased underground broken ore stocks in September and increased ore deliveries to mill to date during October. The quarter was also characterised by a low 7g/t grade, however still on-track for a whole-year average of 10g/t.
  • The planned doubling of group unit outputs over the 01-02 year as a whole triggered large development advance of 2,159m at Southland Colliery and 2,099m at Gympie Eldorado where the new Lewis Mine is scheduled for production start-up January 2002, in line with timetable.
  • Record revenues of $450,000 from Gympie Gold Gemstone and new products launched.


Full details can be obtained in the following downloadable files:

  • September 2001 Quarterly Report (670KB) [ pdf ]


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