Xstrata Coal is developing the Wandoan Project. We manage six mining operations and a port in Queensland. Our operations include Rolleston, Oaky Creek, Newlands, Collinsville and the Abbot Point Coal Terminal.
The Xstrata Coal Wandoan Project is funded through a joint venture between Xstrata Coal, who own 75% of the venture, along with ICRA (Itochu) Pty Ltd and Sumisho Coal Australia Pty Ltd, who each own 12.5% of the venture.
The mining lease application area covers approximately 32,000 hectares. We anticipate the proposed mine would:
· include an open-cut coal mine, a coal handling and preparation plant, and support facilities
· have a construction period of four years, with a start date to be determined once we receive all necessary approvals
· have an expected life of more than 30 years, with about 30 million run-of-mine tonnes of coal mined each year
· produce thermal coal which would be crushed, sized and washed before being transported by rail to port facilities on the Queensland coast and exported around the world.
Xstrata Coal is currently undergoing the final Queensland Government approval process that will allow us to proceed with development of the proposed mine.
After the mining lease and environmental authority are granted by the Queensland Government, we will move towards a final investment decision when market conditions permit. In the meantime, we will continue planning for construction of the mine and supporting infrastructure.
After the mining lease and environmental authority are granted by the Queensland Government, we will move towards a final investment decision. In the meantime, we will continue planning for construction of the mine and supporting infrastructure.