29 April 2014
QUARTERLY STATEMENT OF PRODUCTION, DEVELOPMENT AND EXPLORATION 1 JANUARY TO 31 MARCH 2014 CURRAGHProduction
Overburden removal was 9.8 per cent lower than the previous quarter due to a planned
11 week major dragline shutdown that commenced in February 2014.
Coal production for the quarter was 3,205,000 tonnes (comprising 2,375,000 tonnes of metallurgical coal and 830,000 tonnes of steaming coal), 9.0 per cent higher than the previous quarter due to improved plant performance during the quarter. Metallurgical coal production increased by 17.1 per cent and steaming coal production decreased by
9.0 per cent compared to the previous quarter.
For the 12 months to 31 March 2014, metallurgical coal production increased 8.2 per cent to
8,382,000 tonnes, with the prior comparable period impacted by a scheduled mine shutdown in December 2012/January 2013, wet weather associated with Cyclone Oswald in early 2013
and the part year contribution of Curragh's expanded capacity following the June 2012 practical completion of Curragh's new coal handling and preparation plant.
Development
In January 2014, the Resources division acquired Mineral Development Licence 162 (MDL 162). MDL 162 is located between and adjacent to the Curragh and Curragh North mining leases, with the acquisition to augment the total base of coal reserves potentially available for mining and processing at Curragh's coal handling and preparation plants.
The additional coal reserves are expected to extend Curragh's mine life and provide future options to further optimise mine operations. A feasibility study has commenced with respect to potential future development of MDL162.
Exploration
There was no significant exploration activity during the quarter.
Wesfarmers Limited ABN 28 008 984 049
11th Floor, 40 The Esplanade, Perth, Western Australia 6000. GPO Box M978, Perth WA 6843. www.wesfarmers.com.au
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BENGALLAProduction
Wesfarmers' share of coal production for the quarter was 948,000 tonnes, 18.9 per cent above the previous quarter due to operating in a more productive section of the mining sequence.
Development
There was no significant development activity during the quarter.
Exploration
There was no significant exploration activity during the quarter.
For further information: Media Cathy Bolt
Media & External Affairs Manager
+61 8 9327 4423 or +61 417 813 804
General Manager, Investor Relations & Planning
+61 8 9327 4416 or +61 439 979 398
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ATTRIBUTABLE PRODUCTIONMine | Ownership | Equity Interest | Coal Type | Quarter ended ('000 tonnes) | Full year ended ('000 tonnes) | % Change | ||||||
Mine | Ownership | Equity Interest | Coal Type | Mar-13 | Dec-13 | Mar-14 | Mar-12 | Mar-13 | Mar-14 | Mar Qtr 2014 V Mar Qtr 2013 | Mar Qtr 2014 V Dec Qtr 2013 | Yr to Mar 2014 V Yr to Mar 2013 |
Curragh Wesfarmers Curragh Pty Ltd
100% Metallurgical 1,535 2,028 2,375 6,125 7,747 8,382 54.7% 17.1% 8.2%
Steaming 732 912 830 2,827 3,104 3,430 13.4% (9.0)% 10.5%
Bengalla Wesfarmers Bengalla Limited
40% Steaming 706 797 948 2,112 2,954 3,535 34.3% 18.9% 19.7%
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