This article is 20 years old. Images might not display.
Development of the Lake Lindsay project will kick off this year with production expected to come on stream late next year.
In December the two companies committed to the development of the $A1 billion Dawson Complex coal project at Moura.
When fully commissioned, the two new projects will lift Anglo Coal's annual managed production of metallurgical coal from 18 million tonnes to 27Mt.
Lake Lindsay, 70% Anglo Coal owned and 30% by Mitsui Coal Holdings, will increase production from the German Creek mining complex to 10Mt from current levels of 6Mt.
Anglo American said the project would also extend the mine life at German Creek by 11 years, maintaining production until 2027, and would realise marketing, infrastructure and operational synergies from the existing operations.
According to Brisbane newspaper the Courier Mail, the joint venture partners are still negotiating with infrastructure owners, including Dalrymple Bay Coal Terminal and Queensland Rail, to secure additional capacity for the mine's total output.
Tony Trahar, chief executive of Anglo American, said the firm’s global coal business was continuing to expand.
“This is the second major new project being undertaken by Anglo Coal in Australia following the announcement of the Dawson Project late last year,” Trahar said.
“The Lake Lindsay project will enhance Anglo Coal's position in the metallurgical coal market by broadening its product range and significantly increasing metallurgical coal production.”
