Article: THIS MONTH IN COAL: Coal & Allied Benefits from a Buoyant Market

The Coal & Allied equity share of coal production of 11 million metric tons (mt) was 3.9% higher than in the first half of 2005. Production at Mount Thorley, Warkworth, and Hunter Valley Operations was in line with the port and rail allocation. Production at the Bengalla mine increased toward the end of the first half of 2006 due to mining of more productive seams. Net operating cash flow of $88.3 million was 48.9% lower than the corresponding period of 2005. The decrease is attributable to payment of tax liabilities arising from 2005 profits. The 3.9% increase is in line with the shipment allocation set under the Capacity Balancing System operating through the Port of Newcastle. ...

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