Based on the spacing of the available geological data and the limits of the estimated resources, Measured and Indicated resources are 579 million tonnes and are exclusive of those mineral resources modified to produce mineral reserves.
January 31, 2008
Elkview had 235 million tonnes of clean coal reserves, which ensures a 35-year mine life at current production rates.
June 30, 2007
Coal sales volumes of 6.3 million tonnes in the second quarter were 9% higher than a year ago, which reflects stronger global demand for hard coking coal in 2007. On a year-to-date basis, coal sales volumes of 11.0 million tonnes were similar to 2006, as the increased volumes in the second quarter were offset by lower volumes in the first quarter of 2007 caused by rail transportation problems. Unit cost of product sold increased slightly to $41 per tonne in the second quarter of 2007 compared with $40 per tonne in the second quarter of 2006. The unit cost of product sold increased by 8% to $43 per tonne year-to-date in 2007 compared with $40 per tonne in 2006 due primarily to the unplanned shutdowns in the first quarter of 2007 caused by rail transportation problems. Costs were also affected by the labour contracts settled in the second half of 2006 and inflation in the costs of fuel, tires and other consumables.
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