for the additional 300,000 tons to be agreed upon each year in june the goonyella mine began railing coking coal to port stockpiles at hay point first export shipments had been scheduled for july 1971 these were delayed until mid october because of the belated com pletion of the port and loading facili ties resulting from work stoppages and late deliveries and installation of equipment a substantial port stock pile had accumulated by the time the first vessel loaded out in mid october making possible an acceler ated rate of shipments thereafter goonyella shipments in the last half of october brought the total tonnage of coking coal shipped from blackwater and goonyella combined including utah's 85 share of goonyella's shipments to approxi mately the same level as in 1970 when the blackwater mine was the only producer coking coal revenues and pretax profits were both improved in 1971 goonyella operated profitably from the start long-term sales contracts provide that a total of 2.5 million tons of coking coal will be shipped from the goonyella mine to japan during the first twelve months of shipments the rate of shipments to japan is to in crease to 4 million tons in the second year actual shipments in october 1971 and shipments on firm schedules during the first quarter ending january 31 1972 of the current fiscal year exceed contract requirements in the last half of october the final month of the 1971 fiscal year an aggregrate of 240,000 tons was shipped to japanese and european ports shipments already made and scheduled during the first quar ter of fiscal 1972 total approxi mately 1,075,000 tons of which about 790,000 tons will be shipped to japan and about 285,000 tons to european markets in greece holland italy and spain in the remaining three quarters of the year approximately 2,000,000 tons are scheduled for ship ment to japanese buyers under long term contracts and about 1,000,000 tons are expected to move to europe on spot sales absent any persistent labor problem in queens land shipments of goonyella coal in 1972 should exceed 4,000,000 tons the goonyella mine is operating above planned capacity and utah has been obliged to refuse requests for additional spot sales and ship ments in the first half of the 1972 fiscal year located 35 miles south of the goonyella mine the new peak downs coking coal mine has been under development since early 1971 con struction is substantially on schedule and the mine should be brought into production as planned the first ship ment from peak downs is expected to be made in july 1972 goonyella and peak downs will make common use of basic facilities including the mine to-port railroad the new port at hay point and the town of moranbah all designed and constructed to the capacity required for this dual service under provisions of firm contracts as of october 31 1971 utah develop ment company's backlog of sales of coking coal for future production and deliveries from these three mines over the next 13 years amounted to 93,800,000 long tons mining capa city and port facilities should be sufficient to permit utah develop ment company to market an ad ditional 55,000,000 tons of coking coal from the three mines during the same period exploration and development work are continuing in central queensland's bowen basin to determine the extent of recoverable reserves of coking coal in the area findings to date indicate that reserves are sufficient to meet the requirements of the agree ment with the government of queensland and that utah-mitsubishi will therefore be authorized to mine and export a total of 300 million tons of coking coal this tonnage is in addition to the 100 million tons which utah development company is en titled to export from its blackwater mine under the terms of the black water lease the market demand for utah's above port facilities at hay point queens land with railway unloading tippler foreground goonyella coal stockpile left center and trestle and shiploader back ground below left yamahata maru 35,000 dwt being berthed at hay point to take on cargo of coking coal for nippon steel corporation below right coking coal is mined from 20 foot thick seam and loaded into 100 ton capacity bottom dump haul units at black water mine in queensland