New mine go-ahead as Centennial recovers

摘要

Formerly troubled Centennial Coal has staged a strong earnings recovery in the latest June year and will go ahead with the new Airly export thermal mine in New South Wales, slated to produce 1.6-1.8mt/yr from 2010. After a year of asset sales and restructuring, Centennial declared annual net earnings from continuing operations of 64.3 million Australia dollars (55.9 million dollars), a near ten-fold increase on 6.8 million Australia dollars declared for the previous year to June, 2007.