Cockatoo Coal Limited is the most recent entrant into the ranks of Australias coal production companies.
Listed on the Australian Stock Exchange in 2005, Cockatoo exports PCI metallurgical and thermal coal from the Baralaba mine in the Bowen Basin, Queensland.
Baralaba produced a record 520,000+ tonnes of coal in calendar 2009 and the Company now plans a further 50% rise in output by 2011/12 to ~750,000 tpa. A further, much larger expansion to ~3Mtpa is slated for when new coal transport infrastructure comes online from 2013.
In addition to Baralaba, the Company is developing a portfolio of advanced projects in Surat Basin. The companys Surat exploration portfolio encompasses more than 3,800 square kilometres of tenements with 614Mt of JORC resources already delineated.
Cockatoo Coal plans to mobilise these assets to expand total production from 500,000tpa in 2009, to potentially in excess of 9Mtpa from 2015/2016 - to service forecast strong, long term demand for export coal.
COK Price at posting:
45.4¢ Sentiment: Buy Disclosure: Held
