A highlight of MIM's financial year 2002 result was the bumper earnings of 421 million dollars recorded by the company's coal business The result stands in stark contrast to the division's performance in 1996 - pre new brooms managing director Vince Gauci and coal chief Brian MacDonald -when the business lost 26 million dollars. Encouragingly for investors, Gauci announced plans in late July to double 2001 coal production to around 38 million tonnes by 2006. The plan hinges on expansion of MIM's Newlands-Collinsville-Abbot Point (NCA) coal project, and development of the new Rolleston and Wandoan mines.
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