Good to see MIM continuing in a positive direction. The new coal contract negotiations should also add to improved results in the year to come. =========================================
MIM continues high levels of production in June qtr 09:50, Wednesday, 24 July 2002
Sydney - Wednesday - July 24: (RWE) - MIM Holdings Ltd today reported strong operating performances in the June quarter, continuing the consistently high levels of production throughout the year. Annual production increased for all of the company's core products - copper, coal, zinc, lead and gold - for the year. June quarter and annual production of coal rose at both the NCA and Oaky Creek projects with total product coal up 19 per cent from the previous year. Mount Isa smelter and Townsville refinery copper output recorded their highest annual outputs while Alumbrera's annual production of copper and gold increased 17 per cent and 32 per cent respectively. Gold production from Alumbrera, Ernest Henry and Ravenswood increased to 499,000 ounces. Production of zinc and lead was higher at Mount Isa, McArthur River and the Northfleet (UK) lead refinery. MIM also announced it was proceeding to the second stage of feasilibility for its Rolleston thermal coalmine in central Queensland, at a cost of $15 million. Shares in MIM yesterday rose 2c to $1.26.
