INTERNATIONAL COAL NEWS

Macarthur boosts greenfield projects

QUEENSLAND metallurgical coal producer Macarthur Coal has increased its total managed coal resour...

Blair Price

This article is 14 years old. Images might not display.

The West Rolleston resources soared by 361% to 369.1 million tonnes, while the Vermont East-Willunga resources jumped 202% to 497.6Mt.

Macarthur owns significant stakes of both projects, with 90% of West Rolleston and 85% of Vermont East-Willunga.

While both projects do not yet host any reserves, Vermont East-Willunga holds 170Mt of measured resources while West Rolleston is home to 47.2Mt in this category.

Macarthur chief executive Nicole Hollows said the company is committed to exploring and evaluating its large portfolio of greenfield opportunities.

“We have recently committed $25 million per year to explore and understand our existing portfolio of coal tenements,” she said.

“Exploration field and laboratory work is an ongoing investment for the company and the increase in resource at both Vermont East-Willunga and West Rolleston is testament to the potential growth within the portfolio.”

The mines and projects operated by Macarthur host a total of 654.8Mt of measured resources, while proved coal reserves total 179.5Mt.

Macarthur shares closed up 6.8% to $11.78.

TOPICS:

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.

editions

Future Fleets Insights 2025

Mining IQ Future Fleets Insights 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions