MARKETS

Upstream BB mines miss flood hit

MINES in the Nebo, Belyando and Broadsound shires have not been as hard hit by flooding that has devastated the town of Emerald and surrounding mines.

Angie Tomlinson
Upstream BB mines miss flood hit

While Mackay Whitsunday Regional Economic Development Corporation (REDC) CEO Narelle Pearse said it was too early to ascertain damages, the main hold-up for mines in Queensland's northern Bowen Basin has been with civil earthworks because of the wet ground.

She said ports almost certainly would be affected if coal could not be railed in time, and already there has been an increase in the number of ship waiting off ports.

"There is certainly a cost to our region of the heavy rain. However, the mining companies in the Bowen Basin are well structured and planned organisations, and we are confident that the industry will respond to the current conditions and plan production through a process of rigorous risk assessment and risk management.

"The mining companies plan for this type of event and emergency processes will be operating," she said.

The Mackay Whitsunday Region accounts for about half the Queensland's total coal production and three quarters of its total value.

Mining contributed $A8.1 billion to the Mackay Whitsunday Region, with 8503 people employed in the sector.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions