Australian resource company Beacon Hill Resources has stated that it is bringing forward plans to produce its first coking coal at the Minas Moatize open pit in Mozambique. Shipments will commence at the beginning of next year instead of the third quarter of 2012 as originally scheduled.
Beacon Hill chairman Justin Lewis said, "We have met key development milestones at Minas Moatize having commenced production of export grade coal and commissioned our first wash plant. Initial production of coking coal has been accelerated with mining on course to commence in early 2012 which, following results attained from the recent coke test analysis, will now target hard coke"
On the other hand, phase one of Beacon Hill's drilling program on the Arthur River magnesite project in Tasmania has been completed. It is planned that a full feasibility study will begin next year