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Vancouver-based Western Canadian Coal Corporation has made a £7.8 million first-half operating profit on £19.3 million sales.

Toronto and AIM-quoted Western, one of the companies in the Cambrian Mining constellation, has ambitious plans to develop coal production at Dillon in British Columbia and elsewhere. In the second quarter to September, the Vancouver-based company sold 156,000 tonnes of 'pulverised coal injection' coal at an average price of £61.36 a tonne, with cash operating costs of £36.10 a tonne.

As with other companies in the Cambrian orbit, Western Canadian has lately retreated somewhat from its growth company status, despite promising results. At 195p, down 10p today and valuing the company at £162 million, the shares have fallen nearly £1 from their October 2004 peak and their appeal is speculative.

Western Canadian Coal Corporation	AIM	£67.32m	39.50p	-2.00p
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Other company articles:
WCC sees coal price boost			15/02/2008
Profitable reshuffle at Cambrian			15/11/2006
Western Canadian makes interim £7.8m			08/11/2005
Robert Tyerman’s exploration insights			03/08/2005
Cambrian could cheer			26/07/2005