MARKETS

Curragh plant delay affects export mix

EXPANSION plans for Wesfarmers’ Curragh coal mine in Queensland’s Bowen Basin have been delayed as commissioning of the operation’s new coal preparation plant has been pushed back to the second quarter of 2012.

Justin Niessner
Curragh plant delay affects export mix

In January, the Perth-based miner projected completion of the plant for end of March 2012 but has since cited “throughput and yield issues” as cause for the delay.

In a statement released Tuesday, Wesfarmers said the delay in commissioning the plant would see an increase in Curragh’s unwashed high-ash pulverised coal injection coal sales on the spot seaborne PCI market.

“Sales mix for the 2012 financial year is now forecast to be 39% hard coking coal, 21% semi-hard coking coal and 40% PCI,” the company said.

While a Wesfarmers spokesperson was quoted in the Australian Financial Review saying the company was restrained by commissioning requirements and bad weather, managing director Stewart Butel was upbeat about maintaining performance despite the delay.

“Curragh’s metallurgical coal sales are forecast to be in the previously announced range of 6.8 to 7.2 million tonnes for the 2012 financial year, subject to satisfactory commissioning of the new coal preparation plant, no significant wet weather and satisfactory rail and port operations,” he said.

Second quarter metallurgical coal prices for most of Curragh’s customers have been cut by 11% compared to the first quarter 2012.

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