australia's identified mineral resources 2005 - Geoscience Australia
australia's identified mineral resources 2005 - Geoscience Australia
australia's identified mineral resources 2005 - Geoscience Australia
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AUSTRALIA’S IDENTIFIED MINERAL RESOURCES <strong>2005</strong><br />
Hay Point and Dalrymple Bay coal export terminals, Queensland (Prime Infrastructure Management Ltd).<br />
In New South Wales at the Port of Newcastle, Port Waratah Coal Services (PWCS) has submitted<br />
preliminary plans to expand capacity from 89 to 120 Mtpa. The first stage to 100 Mtpa would be<br />
commissioned in late 2007. PWCS introduced a Capacity Distribution System in March 2004 to<br />
allocate coal supply chain capacity between coal producers to cap the tonnage producers could<br />
export. The system was authorised by the <strong>Australia</strong>n Competition and Consumer Commission to<br />
reduce the queue of vessels waiting off Newcastle. A new group, Newcastle Terminal Developments,<br />
is proposing a three stage $400 million terminal development with an ultimate capacity of 45 Mtpa.<br />
The initial 15 Mtpa development would cost $200 million.<br />
24<br />
Queensland Rail is constructing a $230 million 110 km rail spur from Blackwater to the new<br />
Rolleston coal mine in Central Queensland. The Queensland Government is planning an expansion<br />
of the coal rail system to 202 Mtpa by 2010. In New South Wales, the <strong>Australia</strong>n Rail Track<br />
Corporation is planning to invest $152 million over the next five years to upgrade the 450 km of<br />
track and signalling in the Hunter Valley network to lift capacity from 85 to 102 Mtpa by 2008.<br />
In August 2004 a number of coal producers in the Hunter Valley established the Newcastle Coal<br />
Infrastructure Group with the aim of ensuring that there is adequate long term capacity in the<br />
Hunter Valley export coal supply chain.<br />
The New South Wales Government awarded White Mining Ltd (now owned by Felix Resources)<br />
an Exploration Licence over the Moorlarben coal tender area located 30 km northeast of Mudgee.<br />
The deposit contains about 300 Mt of in situ thermal coal of which 26 Mt is available for open-cut<br />
mining. During 2004 the Government changed the coal royalty rate from a fixed royalty of $1.70/t<br />
or $2.20/t for open-cuts to an ad valorem rate of 6% or 7% for open-cuts.