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Production and Operations
Corporate Information > Production and Operations
The Company has significant resources and reserves which supply a growing demand for coal. As at 30 June 2004, the Company’s in-situ coal resources at the Panian and Himalian sites were estimated at 210 million tonnes and 120 million tonnes, respectively. The estimated recoverable coal reserves at the Panian mine of 52.1 million tonnes are sufficient to support the Company’s target coal production rates for at least 10 years. The Company’s reserve estimates have been independently reviewed by Minarco Asia Pacific Pty Limited.
Consequently, in 2006 Australian consultants supervised additional confirmatory drilling activities in the Panian Pit in accordance with the Joint Ore Reserve Committee (JORC) standards of Australia (an internationally recognized body for establishing mineable reserves). As at 31 December 2006, 62 million MTs of coal were classified as measured and confirmed, while additional 24.5 million MTs and 6 million MTs were categorized as indicated and inferred, respectively. The Company’s coal is characterized as sub-bituminous-B and is appropriate for use in a wide range of combustion facilities.
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