Australias Newest $16B Coal Mine is One of Worlds Largest
The Carmichael Coal mine is officially ready for creation.
The Queensland government has signed off on the $16-billion coal development in the Galilee Basin in the state’s central region. Located north-west of Clermont, the Carmichael Coal mine will produce up to 60 million tons of coal each year and is expected to be one of the biggest coal mines in the world.
"If it proceeds, the Carmichael project would not only be the largest coal mine in Australia but one of the largest in the world,” said Deputy Premier Jeff Seeney. "But it would also be a vital project in opening up the hugely significant Galilee Basin."
Operating the mine will be Adani Mining and the company is forecasted to start shipping coal to India in 2106. The coal will be shipped through the controversial Abbott Point terminal.
The project will include a 189-kilometre rail line, water supply infrastructure, a workers’ accommodation village and airport. The mine is expected to create 2,500 jobs during construction and 3,900 permanent jobs when operations begin
As part of the approval, Adani will be required to “make-good agreements with all affected landholders including the identification and provision of alternative water supplies.”
“Adani will also be required to contribute water monitoring data and funding to a Galilee region water resource model," Seeney said.
The Carmichael mine has been plagued with an array of criticism and controversy as of late. Environmental groups have slammed the state’s development and planning department for allowing the coal mine and rail project to proceed in the Galilee Basin. Even U.S. ice cream Company Ben & Jerry’s is getting involved, launching its own Save the Reef campaign in Australia.
Upon approval from the government, Adani Mining is required to abide strict conditions regarding the mine.
“The stringent and wide-ranging conditions set by the coordinator-general include protections for local flora, fauna, landholder interest, ground water resources, the quality of surface water leaving the project site, air quality and noise and dust levels," Mr Seeney said.
"Projects that have languished for years in approvals are now being efficiently, yet rigorously assessed, signalling that Queensland is open for business.
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.