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Nathan Anderson, a Trainee Storeperson from Myuna Colliery, took out Young Achiever of the Year at the Australian Mining Prospect Awards, in November 2014.

Joining Centennial Coal (Centennial) in 2009, Richard Gelson’s career has gone from strength to strength, with Richard recently recognised the industry’s Young Achiever of the Year, at the NSW Minerals Council’s 2014 Industry and Supplier Awards.

In response to the prolonged downturn in international coal markets, Centennial continues to review its business strategy in order to optimise and adapt its operations to prevailing economics and so maintain its unique position of strength within the Australian Coal Industry.

Like other companies in the Australian (and global) mining sector, Centennial Coal (Centennial) has continued to review its business operations in response to changing market conditions.  The high A$/US$ exchange rate and low export prices continue to impact the Australian Black Coal Industry.  Over the past two years, in response to the prevailing economics affecting the coal industry generally, Centennial has focused on reducing costs and increasing productivity across the Group.

The Angus Place Charity Fund (fund) recently contributed $10,000 to the Lithgow Community Private Hospital (LCPH) to assist with the upgrade of their Information Technology (IT) systems.  The fund is supported by Angus Place Mine employees, with the objective of providing financial assistance to worthy local organisations and people of the greater Lithgow community.

Centennial Coal (Centennial) will reopen its Airly Mine (Airly) at Capertee and utilise its experienced Charbon Colliery (Charbon) workforce.  Charbon after over 90 years of mining will deplete its coal reserves by 2015.  While open cut mining will continue until 2015 Charbon’s underground operations will cease next month.

Mandalong Mine has long worked with and supported the work of the Peninsula Rural Fire Brigade and so when a need to update the hose winders on the brigade’s main bush fire fighting vehicle arose, Mandalong was happy to help by contributing funds to install an electric winder retrofit kit.

This year Centennial Coal (Centennial), in conjunction with Hunter Valley Training Company (HVTC) and Skillset, has welcomed six new apprentices.

Like most other companies in the mining industry, Centennial Coal (“Centennial”) has continued to review its business operations in response to the ongoing economic downturn in the sector.  While the current economic downturn to some extent reflects the traditional cyclical nature of the mining business, the boom-driven growth in commodities over the past few years has burdened the industry with record high production costs.