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Quarterly Report - September’08
GUJARAT NRE MINERALS LIMITED ACN 111 244 896
ASX Code: GNM
Quarterly Report September’08
NRE No.1 Colliery—Russell Vale Site
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Quarterly Report - September’08 2
GUJARAT NRE MINERALS LIMITED ACN 111 244 896
ASX Code: GNM
About the Company
Gujarat NRE Minerals Limited (GNM) owns and operates NRE No.1 Colliery and NRE Wongawilli Colliery (being consolidated with NRE Avondale Colliery) in the Illawarra Region of New South Wales.
Both the Collieries are currently in production and the Company is exporting its entire production (ROM Coal) to its parent company in India through Port Kembla. The port is located close (~15Kms) to both Collieries with direct rail access for NRE Wongawilli Colliery and road access for NRE No.1 Colliery.
Listed on Australian Stock Exchange in July’07 GNM is mainly owned (~85%) by Gujarat NRE Coke Limited, which is the largest independent producer of Low Ash Metallurgical Coke in India and listed on Bombay Stock Exchange and National Stock Exchange.
Major mine developments are in progress to achieve a total production of up to seven million tonnes per annum from both the Collieries by year 2012/13.
Highlights • Wonga Mains Project progressing well
• Production ramping-up
• Increased work-force (24/7 operations)
• Ventilation at ‘T’ & ‘W’ mains upgraded
• Expansion of mining equipment fleet
• Approvals obtained for exploratory drilling
NRE No.1 Colliery - Stock Pile
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Quarterly Report - September’08 3
GUJARAT NRE MINERALS LIMITED ACN 111 244 896
ASX Code: GNM
Wonga Mains Project
The development of the Wonga Mains entries are progressing satisfactorily with the Conveyor roadway at a distance of 609 metres, the Rubber Tyre Vehicle roadway at 370 metres and the Track roadway at 403 metres. Development has been focused on connecting the Conveyor roadway and Rubber Tyre Vehicle road-ways together to form a ventilation circuit.
An array of geological features (dykes, faults and sills) have been encountered and successfully managed. Initial preparatory drilling did identify that these features would be encountered and suitable management strategies were instigated to manage these geological structures.
Production ramping-up
127,000 118,000
140,000
191,000
213,000
Sep'07 Dec'07 Mar'08 Jun'08 Sep'08
Quarterly Production in Tonnes
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GUJARAT NRE MINERALS LIMITED ACN 111 244 896
ASX Code: GNM
Increased work-force (24/7 operations)
The Company has employed additional work-force to commence weekend production and operate both the mines 24 hours/day and 7 days/week.
Ventilation at ‘T’ & ‘W’ mains
Considerable work has been successfully completed on upgrading the ventilation in the “T” and “W” Mains area of the NRE No. 1 mine. The immediate benefits of this upgrade will permit the operations of a second continu-ous miner unit in the 312 panel thereby increasing extraction and improving operation efficiencies.
Expansion of mining equipment fleet
Two new Sandvik MB670 continuous miners have been purchased in addition to the one purchased last quarter. One of these miners has been delivered to the NRE Wongawilli Colliery to support the development of main access and gate road for future Longwall extraction. In addition purchase orders for two new Joy 12CM30 continuous miners have been placed to phase out old mining units at the NRE No.1 Colliery. Delivery of these machines is expected early next year.
Approvals obtained for exploratory drilling
The key drilling and exploration approvals to permit access to the surface land managed by the Sydney Catchment Authority have been obtained. This is in addition to the requisite notification to the Department of Primary Industries and other government agencies.
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GUJARAT NRE MINERALS LIMITED ACN 111 244 896
ASX Code: GNM
Tonnes ‘000 Quarter Sep’08
Quarter Sep’07
ROM Coal Production Longwall Development Board & Pillar
-
58 155
-
52 75
Total 213 127
Sales 236 111
Consolidated Production & Sales
Coal Shipments
During the quarter, around 235,597 tonnes of ROM coal was exported by the Company from Port Kembla Coal Terminal.
Corporate
The transfer of Tasmanian tenements (Nelson Bay River EL 41/2004, Adamsfield EL 11/2006, Catamaran EL 32/2005, Sulphide Creek EL 43/2004 and Mt. Bertha EL 42/2004 was successfully completed to SHREE Minerals Pty Ltd and Indo Australian Consulting Group Pty Ltd.
Board of Directors
Mr. Arun Kumar Jagatramka (Chairman) Dr. Andrew Firek Mr. Maurice Anghie Mrs. Mona Jagatramka
Mr. Sanjay Sharma (Company Secretary)
Business Address Lot 1 Princes Highway (Cnr Bellambi Ln) Russell Vale, NSW 2517
Postal Address PO Box 281 Fairy Meadow, NSW 2519 Ph: +612 4223 6836 Fx: +612 4283 7449 Email: [email protected]
For further information Visit: http://www.gujaratnre.com.au Contact: Sanjay Sharma (Company Secretary)
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