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Gujarat NRE’s arm recommences coal production from the next longwall panel

16 Jan 2013 Evaluate

Gujarat NRE Coke’s Australian subsidiary Gujarat NRE Coking Coal has re-commenced coal production from the next longwall panel at the NRE No. 1 Colliery at Russell Vale. The company had been waiting for ministerial approval for the extraction of longwall 5. The production from longwall 5 has been re-commenced on January 15, 2013 and total production from the longwall 5 is expected to be about 550,000 tonnes.

Final arrangements have also been completed to support further longwall mining operations, at NRE Wongawilli Colliery. Further, the company is in process of completing essential maintenance and it is expected that production will commence in February 2013.

Gujarat NRE Coke is the only Indian company with coking coal mines in Australia having over 650 million tones of Coking Coal resources with excellent coking properties. The coal mines are owned through its subsidiary- Gujarat NRE Coking Coal, listed on the ASX.

Peers
Company Name CMP
Petronet LNG 273.55
Bharat Coking Coal 33.73
Linde India 7214.75
Refex Industries 247.40
IRM Energy 287.90
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