21.11.2014 Views

australia's identified mineral resources 2005 - Geoscience Australia

australia's identified mineral resources 2005 - Geoscience Australia

australia's identified mineral resources 2005 - Geoscience Australia

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!