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Continental Coal's Vlakvarkfontein Coal Mine Surpasses Targets

Continental Coal Ltd's (ASX:CCC) new South African mine has surpassed production targets barely two months after opening.

The Vlakvarkfontein coal mine located 100km east of Johannesburg, has exceeded its monthly target of 100,000 tonnes by producing 101,899 tonnes of thermal coal in July.

Continental Coal CEO Don Turvey said that to have reached the production target so soon after the first coal production blast on May 27 is testament to the planning and operational expertise of the mining contractor Trollope Mining Services and the key consultants and management of the company.

Don Turvey is confident that a sustained monthly coal production at a level of 100,000 tonnes will be achieved by the December 2010 quarter and carried beyond that. The company has already signed three preliminary off take contracts since it began production in May and it is expecting to enter into some longer term contracts in the next few months.

Shares in the company rose after the declaration. The Perth based Continental Coal has 10 coal projects in South Africa. These have the potential to produce more than 10 million tonnes of run of mine coal by 2015.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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