Springsure Creek coal project
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The Springsure Creek coal project is proposed by the Adamelia Group within the Bowen Basin, Queensland, Australia.[1]
The first stage of development would involve underground mining using longwall mining methods and is expected to produce 5.5 million tonnes of coal per year. This would be increased to 11 million tonnes, in the second stage. Bandanna Energy, the original proposing coal company, said the second stage would be due by 2020. The project is no longer running to this time frame.[2]
If started, the mine is expected to run for 40 years.[2]
Contents
Location
The undated image below shows the approximate location of the proposed mine.[3]
Coal Mine Background
The Adamelia Group acquired the Springsure Creek Coal project in 2016 from the liquidators of the now-defunct Bandanna Energy, which went into voluntary administration in 2014, when Bandanna Energy could not meet "take or pay" contracts entered into for the freshly built Wiggins Island Coal Export Terminal.[4]
Under Bandanna, Springsure Creek Coal had it’s Environmental Impact Statement assessed as suitable in 2013. Since Adamelia acquired the project it has finalised compensation agreements with all but one of the 13 landholders who would be directly affected by a future mine. The remaining landholder Arcturus Downs Limited - a landholder registered in St Vincent and the Grenadines - took Adamalia to the Land Court, but Arcturus Downs lost the attempt to block the mine in April 2018 when the court recommended the project be granted mining leases. While no mining leases have yet issued, Robert Johansen from the Adamelia Group, says Adamelia have continued to invest in the project. “We are not in a position to make any concrete statements about timing, and we are still finalising a number of negotiations and conditions,” he told Shift Miner.[4]
Under the control of Bandanna Energy the project was estimated to cost $1.2bn, including $743m and $437m for the first and second stages of development respectively. Credit Suisse provided a $67.3m bank guarantee facility for the project. The company had planned to start mining in 2015.[2]
Project Details
- Sponsor:
- Parent Company: Adamelia Group[5]
- Location: 47 km south-east of Emerald within the Golden Triangle, Bowen Basin, Queensland, Australia
- GPS Coordinates: -24.008602, 148.372046 (approximate)
- Status: Proposed
- Production Capacity: 11 mtpa[2]
- Total Resource:822 Mt[5]
- Mineable Reserves: 387 Mt[5]
- Coal type: Thermal[2]
- Mine Size:
- Mine Type: Underground longwall mining
- Start Year:
- Source of Financing: Credit Suisse[2]
Transport of coal
The coal is expected to be exported via Wiggins Island Coal Export Terminal stage 1 at Port of Gladstone via the Blackwater-Gladstone rail corridor.[2]
Articles and resources
References
- ↑ Valient Resources, "Hutton Coking Coal Project Overview", Valient Resources website, accessed 31 October 2019.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 Mining Technology, "Springsure Creek Coal Mine, Central Queensland", Mining Technology website, accessed 12 November 2019.
- ↑ Peter Donaghy, "Queensland coal",Department of Natural Resources Mines and Energy presentation, Queensland Government, slide 15, 31 October 2018.
- ↑ 4.0 4.1 Shift Miner, "Springsure soon?", Shift Miner website, 6 January 2019.
- ↑ 5.0 5.1 5.2 Adamelia Group, "The Adamelia Group is a private, resource industry focused investment and management group, established in 2002.", Adamelia Group website, accessed 12 November 2019.
