Coal & Allied Industries (CNA)

Shares / Stock Code

CNA

Stock Exchange / Sharemarket

ax

Coal & Allied Industries (CNA) is principally engaged in coal mining and related coal preparation activities, and distribution of coal. The Company has three business operations located in the Hunter Valley in New South Wales, Australia: Mount Thorley Warkworth, Hunter Valley Operations and Bengalla. The Company has over 2000 people employed across these three operations. CNA listed on the ASX on 30 June, 1962. In Mount Thorley Warkworth two open cut mines are located adjacent to each other, 15 kilometers southwest of Singleton in the Hunter Valley region. Hunter Valley Operations is a multi-seam, multi-pit open cut mining operation situated in the Hunter Valley region, 24 kilometers northwest of Singleton and 110 kilometers from Newcastle. Hunter Valley Operations is a wholly owned subsidiary of the Company. Bengalla is situated four kilometers west of Muswellbrook in the Hunter Valley region. A range of coal products comprising thermal coal, semi-soft coking coal and pulverized injection coal is produced by Hunter Valley Operations and Mount Thorley Warkworth for the export and domestic market.

CNA also has shares in coal transportation and logistics companies. CNA’s net annual production of coal is amounted to 30M tonnes. Rio Tinto manages CNA and it has a 75% share in the Company. All of CNA's operations are opencut, which tends to be the most cost-effective method of extraction. Coal & Allied is also currently focused on acquiring the Mount Pleasant Project and the Lower Hunter Lands Project. The company aims to have a safe and highly successful business valued by its customers, employees, shareholders and the community.

Coal & Allied Industries History

Coal & Allied Industries was established in 1960 as a result of the merger of three coal companies, one of which dated back to 1844. In 1977 Rio Tinto started acquiring an interest and by 1991 it gained 70% of the share in Company. The company made two large acquisitions in late 2000 and early in 2001, the Lemington mine in the Hunter Valley and Peabody’s Australian coal assets. In 2004, Rio Tinto announced to take over the management of CNA. Now Rio Tinto Coal Australia manages Coal & Allied Industries.