Paringa Delivers First Coal to Customers

Apr 29, 2019

Maiden shipment of 1,500 tons of washed coal has been loaded onto barges operated by Paringa's cornerstone customer, LG&E and KU.
This follows the successful delivery of first coal from the Poplar Grove operation to the Ainsworth Dock.
Coal quality exceeded contract specifications, validating the CHPP ramp-up performance.
Sales volumes will continue to ramp up in the coming weeks as additional mining equipment is deployed.
Paringa continues to build on a strong forward sales book and is sold out for 2019 and approximately 70% committed for 2020 with leading regional power utilities.
Market conditions in the Illinois Basin remain strong, and the Company is actively engaged with both existing and new customers regarding further sales agreements.

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