KEATON ENERGY HOLDINGS LIMITED - Production report for year ending 31 March 2016Release Date: 15/04/2016 16:00:00 Code(s): KEH
KEATON ENERGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH ISIN: ZAE000117420
(?Keaton Energy? or ?the Company?)
Production report for year ending 31 March 2016
Keaton Energy has released the following production update for the financial year ended 31 March
2016 ahead of the release in June 2016 of the company?s year-end results.
The Lost Time Injury Frequency Rate (per 200 000 hours worked) for the year was 0.14 at
Vanggatfontein (2015: 0.10) and 0.06 at Vaalkrantz (2015: 0.22). Management commends all for this
achievement and their adherence to safety standards and protocols.
Vanggatfontein, the company?s long-life open pit colliery near Delmas, sold 2 237 595t of washed 2-
and 4-seam thermal coal to Eskom, only 2% down on last year?s record production of 2 278 761t.
Sales of 5-seam metallurgical coal were 98 252t (2015: 126 107) in line with the geological model.
Discard, slurry and B-grade sales were negligible.
As has been announced previously, Vaalkrantz is now classified as an ?asset held for sale?. Coal sales
for the year were 5 556t Local Anthracite (2015: 142 176t), 70 600t Export Anthracite (2015:138
300t) and 185 799t 32%Ash (2015:114 974t).
Mandi Glad, Keaton CEO, said ?The 2016 year ended with Vanggatfontein again underpinning the
company with excellent results which we have come to expect from this long-life quality asset. The
Kwa-Zulu Natal anthracite operations are in the process of being sold. Both operations achieved
commendable safety performances, which is extremely positive, and we look forward to an
The above information has not been reported on or reviewed by the Company?s auditors.
15 April 2016
Investec Bank Limited
Date: 15/04/2016 04:00:00 Supplied by www.sharenet.co.za
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