positive quarterly report

Good to see that various improvement measures are taking effect.

The new tracks to replace the sub-standard ones on the continuous mining machines have arrived and are being fitted and that will improduction rates when completed.

In seam drilling information is adding to what they know and can now expect in the mine.

And they are aiming to do a first shipment of coal of between 20,000 to 30,000 tonnes in the January to March quarter.
Now have at least 14,000 tonnes stockpiled from operations

Hydro-mining to start in the April-June 2010 Quarter and that will boost production obviously

Spot prices fro hard coking coal reached US$160 per tonne this month as compared to PRC's contracted coal sales to 31 March 2010 at US$128.

So potential for increased income from increased production next year and probable increased contract price.