The Asia Miner

APR-JUN 2017

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Volume 14 • Issue 2 | 2017 | ASIA Miner | 9 Future of Coal BHP Billiton's Mount Arthur coal project in the Hunter Valley. production in the past few years owing to de- pressed prices, however it says demand for the specific type of coal produced at the mine prompted it to increase production. The open cut mine in the northern part of the basin has annual run of mine capacity of 6 million tonnes. It is part of the NCA Project, which also includes the Newlands coal opera- tion and Abbot Point Bulk Coal Terminal. Glencore has also demonstrated its com- mitment to the Bowen Basin by acquiring the interests of its JV partners in Collinsville and Newlands, Japan's Itochu (35%) and Sum- isho (10%), with the acquisitions resulting in Glencore becoming sole owner. The company has also welcomed a Bill passed by the Queensland Parliament that includes important amendments in relation to the Newlands mine and QCoal Group's pro- posed Byerwen Project to enable both opera- tions to successfully co-exist. Springvale expansion approved Centennial Coal's application to expand op- erations at the Springvale mine in the NSW Western Coalfields has been approved, bringing another 140 jobs to the mining town of Lithgow. The expansion will allow the mine, which supplies the nearby Mt Piper power station, to annually produce 5.5 million tonnes, up from 4.5 million. The approval allows Springvale to increase the mine's coal stockpile capacity from 85,000 tonnes to 200,000 tonnes. In its modification application Centennial highlighted that most of its workforce is based in the Lithgow area. It estimated the modifica- tion would bring a net benefit of approximately $32 million to the economy. Stanmore secures JOGMEC support Stanmore Coal is advancing plans for its pro- posed Isaac Plains East open cut and Isaac Plains underground projects in the Bowen Basin. The company last year reopened the Isaac Plains open cut mine it purchased from Vale and Sumitomo in 2015. To assist the company's growth plans it has recently signed a Joint Exploration and Sup- port Agreement (JESA) with Japan Oil, Gas and Metals National Corporation (JOGMEC). This provides Stanmore with A$3 million of funding to accelerate exploration, approvals and studies to underpin finalisation of studies for the Isaac Plains East project and the in- vestment decision for the underground proj- ect. In return, Stanmore will provide JOGMEC with an annual right to tender a portion of the coking coal produced from these projects to end users in Japan. !"#$%&'() *"+,-".'$/*"-,.'0 !*'1+2*",3+4-$ $#"5.!+$,6 -+7/*"."2 $-*!8/&4+$ +"*$&*',!*'-"*4 !"#$%&'(')**')+,',*-*'.'('+/,'001')*** jason.pierce@goldenwest-industries.com www.goldenwest-industries.com #'/.1+0,"*.0$ GOLDEN WEST INDUSTRIES, INC. PROVEN PRODUCTS AND SYSTEMS FOR DUST MITIGATION

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