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Coal expansions at feasibility stage reach $57B

PROJECTS to develop or expand coal mines continue to account for the highest number and value of ...

Lou Caruana
Coal expansions at feasibility stage reach $57B

There are 39 coal projects worth a combined $57 billion, which is an increase of two projects since April 2015, which is due to the addition of two new projects to the major projects list, and an increase of $3.4 billion.

There are also six coal projects worth a combined value of $4.7 billion at the committed stage, according to the report.

This is one project less than in April, as one project – Whitehaven Coal’s Maules Creek mine in NSW -- moved to the completed stage.

Three of the committed projects are in New South Wales and three are in Queensland; however, the three projects located in NSW are expansions or upgrades which are smaller in scale than the greenfield development projects located in Queensland.

Anglo American’s Grosvenor underground mine in Queensland is the highest value project worth approximately $2 billion and is scheduled for completion in 2016.

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