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BREAKTHROUGH MINERALS LIMITED — Earnings Release 2014
Apr 3, 2014
64579_rns_2014-04-03_1c7b9010-41e2-40d5-be78-2316632e2b1f.pdf
Earnings Release
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4 April 2014
Company Announcement Officer Australian Securities Exchange
Record 3rd Quarter Sales
Intra Energy Corporation Limited (ASX:IEC) is pleased to announce record sales from the Tancoal and Malcoal operations during the March 2014 quarter despite the impact of heavy rains on logistics.
Intra Energy sold 61,406 tonnes, which is a 96% increase over the preceding quarter.
| Sales (Vol) | Mar 2014 Qtr | Increaseon Prior Qtr (Dec2013) |
|---|---|---|
| Product Sold(tonnes) | 61,406 | 96% |
Over the past year, Intra Energy has been increasing the number of long-term coal supply contracts, which have contributed to the increase in sales. The Company has continued to improve reliability and efficiency to become the major supplier of coal to industries in Eastern Africa. In particular, Kenya is emerging as a growing industrial market.
The increase in sales has reduced unit-operating costs and improved economies of scale. Logistics providers have been increased and transitioned from Cost & Freight contracts to Free on Transport contracts giving improved efficiency.
For further information please contact:
Shareholder Enquiries
Intra Energy Corporation Limited Tel: (02) 9199 5511 www.intraenergycorp.com.au