Growth Profile
The forecast growth profile of Gloucester Coal is considerable. It is expected that total production will increase to over 12 million tonnes in fewer than ten years and double within the next four years. Based on preliminary forecasts, Gloucester Coal expects to have a resource base capability to produce between 40 and 50 per cent coking coal.
The asset base and the associated increased longevity of mine life positions the Company to be able to enter into longer term off-take agreements with customers in the Asian region.
These projections are testimony to the strategic investments made in the 2011 Financial Year (Donaldson Coal). Further, they confirm the strong platform that has been built to support the expansion of production in the medium to long term.