MARKETS

Xstrata's new coal gateway

XSTRATA Coal has committed $A4 million to look at developing a coal exporting terminal at Port Alma which could export 20 million tonnes a year.

Vivienne Ryan
Xstrata's new coal gateway

Xstrata has agreed to a pre-feasibility study into the port which could work as a link in the supply chain for its Surat Basin Wandoan project.

The proposed Port Alma Coal Export Terminal would also include two non-coal berths, Xstrata said in a statement yesterday.

“We are very pleased to be working with the Gladstone Port Corporation to consider the feasibility of developing Port Alma to meet increasing infrastructure needs of the state of Queensland,” Xstrata Coal chief executive Peter Freyberg said.

“As global demand for coal continues to increase Xstrata is taking a leading role in exploring new opportunities to expand Australia’s export capacity.”

The pre-feasibility study will undertake geotechnical investigations, hydrographic surveys, sedimentation studies and was set to commence early this month with a completion date in June 2009.

The port move has won the endorsement of the Queensland Government and Premier Anna Bligh hinted at dredging the port to improve export capacity.

“Dredging of Port Alma harbour would be needed to ensure its long-term viability and growth,” Bligh said.

“At present Port Alma can only handle vessels up to 35,000 tonnes, but with dredging vessels of up to 90,000 tonnes could be considered.”

Bligh labelled the port as a “win-win” for the state.

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.