MARKETS

Palmer's $6.4b China First project gets green light

WARATAH Coal's proposed $6.4 billion China First coal mine, rail and infrastructure development i...

Lou Caruana
Palmer's $6.4b China First project gets green light

The Brisbane-based company, a fully owned subsidiary of Clive Palmer’s Mineralogy group, plans to build a thermal coal mine in the Galilee Basin coal region near Alpha, west of Emerald, as part of its China First project.

The mine will be linked to a proposed coal terminal at Abbot Point by a new 453km, standard-gauge, heavy-haul railway capable of carrying 400 million tonnes per annum of coal, which provides sufficient capacity to cater for all proposed Galilee Basin proponents.

Establishing the mine, rail and associated infrastructure will create 3500 jobs during construction and 2275 during operation in a massive boost to the state and national economies.

Waratah Coal managing director Nui Harris said the EIS approval by Greg Hunt, the federal Minister for the Department of Sustainability, Environment, Water, Population and Communities, was an important milestone for the project.

“The EIS process has involved consultation with a significant number of stakeholders including elected representatives, federal and state government agencies as well as non-governmental agencies, local councils, indigenous representatives, the private sector, public organisations and local residents,” Harris said.

Earlier this year the China First Project had its major project facilitation status renewed by the federal government until December 31, 2016. It has also been declared a significant project by the Queensland government.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production