MARKETS

Watermark faces second PAC test

CHINA Shenhua Energy’s vast Watermark coal project is facing another review by the Planning Assessment Commission – with this expert panel making 25 project-modifying recommendations in September.

Blair Price
Watermark faces second PAC test

The New South Wales government’s planning department is satisfied with the various changes made to the project and passed it on to PAC last week for final approval.

“The department is satisfied that Shenhua has designed the project in a manner that achieves a reasonable balance between maximising the recovery of a recognised coal resource of state significance and minimising the potential impacts on surrounding land users and the environment as far as is practicable,” it said.

“In particular, the department is satisfied that the additional groundwater modelling has provided greater certainty that the project would not result in any significant impacts on water resources or the agricultural productivity of the Liverpool Plains.”

The $850 million Watermark open cut project is targeting up to 10 million tonnes per annum run of mine over 30 years with about 84% of the saleable coal to be of metallurgical grade.

It’s the second biggest project planned for the Gunnedah Basin (after Whitehaven’s 13Mtpa Maules Creek project) and is forecast to generate $1.5 billion of NSW royalties over its mine life.

In September a station owner told the Namoi Valley Independent/i> there would be “civil disobedience” if the project was approved.

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 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

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.