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Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD


A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.

Hancock Prospecting is proposing two mines at Alpha and Kevin's Corner in the Galilee Basin and a 500 kilometre rail line to port facilities. The company's chairman, Gina Rinehart, has today met Premier Anna Bligh to discuss the plans.

The Government has declared the coal rail corridor an infrastructure facility of significance and confirmed it will be able to use Abbott Point.

Ms Bligh says that means Hancock can now move forward with a bankable feasibility study.

If it is approved, the projects will create the biggest thermal coal mine complex in Australia and employ thousands of workers.

Ms Rinehart says now the Government has provided certainty about rail and port infrastructure, a Hancock Coal head office will be established in Brisbane.
Source:ABC Net



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Recent News

Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...


Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...


Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...


Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands. The Viet Nam Coal ...


Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...


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