SYDNEY (Yosefardi) – Killara Resources reported that production, which commenced in February 2014, has resulted in the extraction of 4500 tons of coal which has been stockpiled near Killara’s jetty/loading facility.
The total tonnage produced is lower than anticipated due to factors outside the control of Killara.
Management of Killara have been working with contractors PT Berkah Ciwi Lestari Kaltim to overcome production delays and bring coal production back in line with forecasts.
The lower coal production also means that sales which were expected to occur in the March quarter are now expected in the following quarter.
Killara remain optimistic that the production of coal will resume at acceptable levels in the June 2014 quarter.