Hillsborough Provides Quinsam Mine Update

Hillsborough Resources Ltd. recently provided an update on thermal coal production at its wholly-owned Quinsam mine. The full year of production to end December 31, 2007, is now forecast to be 715,000 metric tons (mt) run-ofmine yielding 472,000 mt of clean product, all of which is committed to customers. For 2008, Hillsborough is budgeting production of 630,000 clean product mt from the current underground mine in 2008. Of this tonnage, an estimated 230,000 product mt are expected to be sold into the thermal export market. Recent financing has allowed the company to initiate further plant improvements and upgrades that, when completed, will improve coal recoveries. Additional production from other sources is under evaluation. While Hillsborough experienced some challenges in 2007 relating principally to lengthy power outages, the company looks forward to recouping this year’s production shortfall in 2008.
As featured in Womp 07 Vol 9 - www.womp-int.com