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Message: FYI: Queensland Australia's coal industry poised for growth...
FYI...
http://media-newswire.com/release_10...
http://media-newswire.com/release_10...
| NEW SONOMA MINE INJECTS MORE CONFIDENCE |
| Collinsville: QCoal Sonoma's $200 million new coal mine is again clear evidence of both buoyant world coal demand and confidence investors have in the Queensland coal industry's future, Premier Anna Bligh said today at the mine's official opening. "Demand's almost insatiable, both for coal used in steel making and electricity generation and does not look like slowing down in the near future," said Ms Bligh. |
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(Media-Newswire.com) - Collinsville: QCoal Sonoma’s $200 million new coal mine is again clear evidence of both buoyant world coal demand and confidence investors have in the Queensland coal industry’s future, Premier Anna Bligh said today at the mine’s official opening. “Demand’s almost insatiable, both for coal used in steel making and electricity generation and does not look like slowing down in the near future,” said Ms Bligh. She said that demand was being fuelled by rapid growth in China and India and by ongoing growth in more traditional markets like Japan and Korea. QCoal Sonoma’s mine is 6km south of Collinsville. It will initially produce two million tonnes a year per annum of coking and thermal coal, building up to 4 million tonnes a year. Coal will be railed 105km to Abbot Point Coal Terminal for export. Mines Minister Geoff Wilson said that new mines like Sonoma’s ensured that State’s mining industry remained strong and productive into the future. Both the Premier and Minister highlighted that the State’s industry strength and resilience and how it was recovering from this year’s floods. “Our exports were 153 million tonnes in the year ended June 07. This should again be achieved this year, despite substantial production loss through flooding,” said Ms Bligh. Mr Wilson said that since the early 2008 floods the State Government had worked with industry to ensure that this important component of the Queensland economy got back to full capacity “Repairs to rail and port infrastructure have been ‘fast tracked’ with the ports all now back at full capacity and only some temporary minor speed restrictions still in place on the rail network,” he said. Ms Bligh highlighted that in 2006-2007, eight ( 8 ) new coal mines began production; two ( 2 ), including Sonoma and Clermont [which she opened earlier in the day], were being constructed, and 10 coal projects were advanced. In 2007 a further 18 projects were being assessed. Before Sonoma and Clermont began production, 38 coal mines were operating in Queensland. “Within a decade, Queensland could be exporting 300 million tonnes a year rising further to 350 million tonnes a year by 2025,” said the Premier. Ms Bligh said that while that posed great challenges a co-operative approach with industry would deliver. She praised Sonoma’s investors and reminded them that while they too were part of sharing the industry’s other great challenge – clean coal technology. “Sonoma Mine now part of one of the world’s greatest coal mining industries and it will play its part along with the others miners in meeting challenges the industries faces.” “Through substantial investment its owners have made Sonoma has created 150 full-time jobs as well as substantial indirect jobs. QCoal Sonoma Pty Ltd, a privately-owned Queensland company. Its joint venture partners are : • Cleveland Cliffs, an iron ore mining and processing company that is the majority owner of the Australian listed company, Portman Mining; • JFE Shoji which is part of the JFE Steel Group, the second largest steel producer in Japan; • China Steel, the largest steelmaker in Taiwan; and • Watami Trading, a Hong Kong-based marketing company. Media contact: Premier’s Office 3224 4500 |
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