December 02, 2008

Rio’s Coal & Allied July to September output dip by 14% YoY

It is reported that Rio Tinto’s subsidiary Coal & Allied Limited is continuing to face infrastructure constraints on the east coast of Australia.

Coal & Allied' share of production came in at 4.422 million tonnes of coal in the three months to September 30th 2007 a 12% increase on the previous quarter. The result was 14% lower than the corresponding period in 2006.

Coal & Allied Ltd said severe flooding in June affected the company's production potential. Its total production for nine months to September 30 sits at 12.961 million tonnes, significantly lower than the previous corresponding period's figure of 16.2 million tonnes.

Coal & Allied Ltd aid constraints in the Hunter Valley of New South Wales continued to limit production. Coal & Allied's flagship is its Hunter Valley operations which is an amalgamation of several previously independent mines. It also has a stake in the Bengalla, Mount Thornley and Warkworth operations in New South Wales.