The revised expansion strategy for the mine, located near Tete Province, in Mozambique, will help the company achieve a run-rate of 2.8 million tonnes per annum by end of 2013.
The JORC complaint resource has upgraded to 86.8 million tons thereby extending the mine life by 2 years.
Coking coal resources at the mine increased by 31%, compared to 66.4 million tons in March 2011.
Beacon Hill managing director Rowan Karstel remarked that the company was focused on optimising the value of the Minas Moatize Project.
"Over the past quarter, we have focused our activities on the upgrade of our wash plant. The plant assembly is near completion and commissioning is targeted to commence towards the end of February 2013.
"In addition, we continue to make significant progress with respect to attaining an allocation on the Sena Rail Line and securing rolling stock, and we look forward to updating the market when we achieve this milestone," Karstel said.
Beacon Hill is also looking to implement a cost cutting plan to materially reduce labor costs in 2013, while focusing on producing high value coking coal shipments following the completion of the wash plant upgrade.
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