Keaton lifts Vanggatfontein production
Keaton Energy last week reported that output from its Vanggatfontein colliery during the three- and nine-month periods to December 31 had increased 26% and 44%, compared with the corresponding periods the year before.
The JSE-listed coal junior delivered 521 078 t of thermal coal to State-owned power utility Eskom during the three months ended December 31, bringing the delivery of coal for the nine months to December to 1.66-million tons – up from the 1.15-million tons reported during the nine months to December 2012.
During the quarter under review, five-seam metallurgical coal sales jumped 66% to 23 747 t over the corresponding period last year, with sales for the nine months reaching 78 901 t, an increase of 73% on the prior period.
While discard and slurry sales fell 27% year-on-year, owing to poor weather impacting on the reclamation process, the sales reported for the nine months to December, at 643 932 t, were 120% higher than sales in the prior period.
“Vanggatfontein continues to produce to plan both in terms of production and, importantly, cash generation. With the Xceed transaction due to close in early 2014, we look forward to developing another successful mine adjacent to Vanggatfontein and integrating the two mines into a significant, long-term operation,” Keaton Energy CEO Mandi Glad said in a statement.
The group was expected to conclude its acquisition of ASX-listed Xceed Resources’ Moabsvelden project, located about 3 km from the Vanggatfontein operation, by February 19.
Meanwhile, Glad noted, the replacement capacity projects to replace the geologically challenging Vaalkrantz operation, which was nearing the end of its mine life, were proceeding well.
During the three months to December, sales of anthracite from the colliery to domestic and export customers fell 37% to 61 496 t, with sales for the nine months declining 13% to 215 641 t.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...
VISIT SHOWROOM
AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
