Ahmedabad, June 13, 2008. Gujarat NRE Coke Limited, the largest independent producer of LAMC in the country, achieved another milestone on Thursday when it loaded the first shipment of coking coal produced at its NRE Wongawilli Colliery in Australia. More than 20,000 tonnes of coal from the recently acquired mine was loaded onto the bulk carrier Sea Urchin at Port Kembla's coal loader, for INDIA . The Wongawilli coal was placed in separate compartments to 52,000 tonnes of coking coal from Gujarat NRE 1 Colliery at Russell Vale.
Thursday's event was the first of what are expected to be monthly shipments from the two Gujarat NRE Coke�s mines in Wollongong . �Once it arrives in India , it will be washed and prepared for the steel market at one of the company's three metallurgical coke plants where waste heat recovery processes are being established to generate electricity, improve profitability and earn carbon credits.� said Arun Kumar Jagatramka, Vice Chairman & Managing Director, Gujarat NRE Coke Limited.
The coal production at Wongawilli is expected to ramp up to 2.5 million tonnes per annum by 2010-11 when the workforce will be doubled. Gujarat NRE is currently operating two mines in the Wollongong area. The company�s Illawarra operations now provide work for more than 350 employees and contractors at NRE Wongawilli and its sister mine, NRE No 1, at Russell Vale, north of Wollongong , which was purchased by the Gujarat group in December 2004.
�This shipment through Port Kembla Coal Terminal is significant as it will include the first shipment of coal from NRE Wongawilli.� added Mr Jagatramka.
About Gujarat NRE Coke Limited:
Gujarat NRE Coke is the largest independent producer of Met. Coke in India and is the only Indian company with coking coal mines in Australia having more than 500 million tons of Metallurgical Coal with excellent coking properties. The company is set to emerge as one of the largest coking coal producers in Australia over the next few years. The coal mines are owned through its subsidiaries � Gujarat NRE Minerals Limited (ASX:GNM).
Besides ownership of these coal mines, the company has done cornerstone investments in resource prospecting companies that are scouting for coal, gold, iron-ore and various other base metals. The company has commissioned wind mills of 50 MW and has also set up mini steel mill in Gujarat to recycle steel scraps using green wind energy to manufacture TMT Bars.
The company has adopted environmentally friendly technology and has strong employee participation, with the majority of employees owning shares in the company .
For More Information Contact::
Mr P R Kannan, at +(91) 9836074444 or +61-425383600
Or visit us at www.gujaratnre.com
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