Highlights of the quarter:
- We produced 13.84 million tonnes (Mt) during the quarter. We are on track to achieve our production guidance of 54Mt to 56Mt for 2014.
- We continued to see solid demand for our coal during the quarter. We sold 14.47Mt, a 4% increase compared to the previous year.
- During the quarter, we started commercial production at Balangan Coal with 53,274 tonnes sold to a customer in Thailand. We expect to complete revised estimates of resources and reserves in accordance with JORC by the end of 2014.
- We removed 81.31 million bank cubic meter (Mbcm) of overburden, a 2% increase compared to the previous year. AI’s actual consolidated strip ratio during the quarter was 5.85x as we were able to remove more overburden due to the end of the wet season. AI is on track to achieve its consolidated planned strip ratio of 5.78x for 2014. (3,4)