Middlemount coal mine

Middlemount Coal Mine
Location
Middlemount Coal Mine
Queensland
Country Australia
Coordinates 22°52′55″S 148°38′22″E / 22.88194°S 148.63944°E / -22.88194; 148.63944Coordinates: 22°52′55″S 148°38′22″E / 22.88194°S 148.63944°E / -22.88194; 148.63944
Production
Products Coking coal
Owner
Company Macarthur Coal

The Middlemount Coal Mine is an open-cut mine located approximately 90 kilometres north-east of Emerald and some 7 kilometres west of the township of Middlemount in Queensland's Bowen Basin.

The mine produces medium-volatile pulverized coal injection (PCI) coal and semi-hard coking coal for the export market. Full scale operations at the open-cut mine commenced in November 2011. Production is expected to ramp up to approximately 3.6 Mtpa of saleable production by the middle of 2014. With JORC compliant measured and indicated resources and proved and probable ROM reserves of some 123 mt and 96 mt respectively at mine startup the current mine life is estimated to be in excess of 24 years.

Middlemount Coal is an incorporated joint venture between Peabody Energy Australia and Yancoal Australia.[1]

History

Nathan Tinkler paid $11.5 million to Canada’s Sennen Resources in 2006 for the undeveloped mine.[2] In 2007, Tinkler sold a 30% share to the Hong Kong-based Noble Group for $50 million.[2] Later that year, Tinkler sold the rest of his stake in the mine to Macarthur Coal for shares in Macarthur Coal and $57 million in cash.[2]

In January 2013, Cyclone Oswald caused flooding in the area which resulted in the breach of levee banks.[3] Production at the mine was halted for a number of weeks.

See also

References

  1. ↑ "Middlemount Coal Mine". middlemountcoal.com.au. 2014. Retrieved 2014-01-29.
  2. 1 2 3 "Country Boy Makes It Big In Coal". Forbes. Forbes.com. 2 January 2012. Retrieved 9 May 2014.
  3. ↑ Cole Latimer (30 January 3013). "Middlemount coal mine floods". Australian Mining. Cirrus Media. Retrieved 9 May 2014. Check date values in: |date= (help)
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