Moreton Resources lodges plans for new mine near Kingaroy

PlantMiner   |   May 23, 2016

Moreton Resources has taken the next step in developing a new thermal coal mine 6km south of Kingaroy by lodging plans with the Federal Government.

The company proposed to extract 10 million tonnes of coal per annum from an open-cut pit in QLD's South Burnett region, north-west of Brisbane

Moreton Resources is yet to secure a buyer for the coal and the nearest potential customer, Stanwell, said it had enough coal to supply Tarong's power stations from its Meandu Mine, 25km from Kingaroy. 

The company is now targeting export opportunities, saying that the approval of a mining lease will assist the sale of the coal. Managing Director Jason Elks expects to be closer to a decision on an off-take partner and/or contracts of supply within 12-18 months, and hopes the mining lease will be approved within the next 2 years. 

Letters have been sent to more than a dozen landholders affected, to begin discussions about land acquisiton. 

The potential mine has raised concerns among locals and the Council given that the location is on prime agricultural land and only 5km from the Kingaory airport. These concerns are further fueled by not having a secured buyer for the coal which has left landholders feeling in limbo. 

A pre-feasibility study was conducted in 2015 and more than 300 jobs wil be created if the mine goes ahead. If approved, the mine would need infrastructure to support it, including construction of access roads, potentially rail lines and installation of the mine modules to list a few. 

Moreton Resources wants the coal mine in operation by 2020. 

Stay tuned to find out further developments by subscribing to Felix Project News.

Source: ABC News, ABC News

 
PlantMiner
PlantMiner (now Felix Vendor Marketplace) is Australia's leading plant, equipment and subcontractor hire marketplace, connecting you with all your construction project hire needs in one place.

Related Articles

Projects
New $115m shallow harbour port to be built in Lucky Bay SA

South Australia’s Eyre Peninsula is going to be home to a new shallow harbour port that will cater to vessels that will transport grain out to larger ships. The $115 million Lucky Bay port project is going to be located near Cowell.

Projects
Altona Mining finalises $330m deal for copper-gold mine near Cloncurry

Altona Mining has secured a $330m mining agreement with Chinese construction company, Sichuan Railway Investment Group to develop a copper-gold mine in north-west QLD. 

Projects, QLD
QLD Govt to build and own $5bn CopperString 2.0 project

The Queensland Government has announced that it will build and own CopperString 2.0 after purchasing the project for approximately $5 billion. 

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog. Join thousands of construction and mining pros getting the best content right in their inbox.
  • updates on Australia's pipeline of state and federal projects
  • fresh contract awards from major contractors and builders

If you're looking to contact us about other matters, please contact us.