Keaton Energy, the JSE-quoted junior coal mining company, has increased its thermal coal delivery to Eskom by 45%. The Vanggatfontein Colliery delivered 2 192 519 t of washed 2- and 4-Seam thermal coal during the year, up from the previous year’s 1 509 681 t.
Sales of 5-Seam metallurgical coal increased 49%, to 97 635 t from 65 661 t, in line with the mine plan. The increased utilisation of the 5-Seam plant allowed limited washing of other coals: 145 785t were toll washed and 10 328t of B-grade market development product was produced. The colliery ended the year with a LTIFR of 0.09, a commendable effort by all those on the site.
“FY14 saw Vanggatfontein reach operational steady state and, importantly, deliver on results. This long life colliery now forms the backbone of the soon to be enlarged Vanggatfontein-Moabsvelden operation which will form the core of the growing Keaton group of companies,” said Keaton CEO Mandi Glad.
Vaalkrantz Colliery dispatched 303 837t of anthracite to domestic and international metallurgical markets, a 7% decrease over the previous year’s 326 597t. The operation continued to suffer from extremely difficult mining conditions in the West Alfred section of the mine which limited production.
“However, it is pleasing to note that despite these difficulties, the colliery’s safety performance improved, a testament to the dedication and application of all those involved. With its short remaining life, operating conditions at Vaalkrantz continue to be extremely challenging. Our management and staff however have risen to these challenges as we look to the opening of our new mines in the area,” said Glad.
“With Vanggatfontein having reached steady state and generating the anticipated results, the Xceed acquisition having been completed allowing for Vanggatfontein to be expanded significantly, Vaalkrantz’s difficult mining conditions being managed and our internal project pipeline reaching development readiness, we are poised for the next phase of value growth for our shareholders.”
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