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PACIFIC COAL TO SET UP NEW $US216MLN COKING AUSTRALIAN MINE.
BRISBANE, June 1 Asia Pulse - Pacific Coal, a Rio Tinto Ltd subsidiary, is to spend $A425 million ($US216.88 million) developing a new coking coal mine in Australia.
The mine will be located near Mackay in Queensland.
The Hail Creek Coal Project will develop one of the largest coking coal deposits in the world, with resources estimated at 1.2 billion tonnes.
The proposed open cut coking coal mine will be 92 per cent owned by Pacific Coal, 5.3 per cent owned by Marubeni and 2.67 per cent owned by Sumitomo.
First shipments from the Dalrymple Bay coal terminal are expected in the third quarter of 2003.
Pacific Coal managing director Brian Horwood said the time was right for Hail Creek to be developed, given conditions in the international coking coal market.
"The world coal market needs high quality product that Queensland's Hail Creek will produce," he said.
- Hail Creek go-ahead.(Queensland, Australia)(Brief Article)
- Magazine article from: Mining Magazine July 1, 2001 700+ words
...the development of the Hail Creek coking-coal mine...owned subsidiary Pacific Coal. The other owners are...market is now ready for Hail Creek to be developed. Another...managing director of Pacific Coal, Brian Horwood, is...
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- Press release article from: Business Wire June 1, 2001 700+ words
...2.67%). Pacific Coal will build and...Managing Director of Pacific Coal. "It is because...class resource at Hail Creek," Mr Horwood...line. Coal from Hail Creek will be railed...quarter of 2003. Pacific Coal manages the Blair...
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...development of the Hail Creek coking-coal mine...owned subsidiary Pacific Coal. The other owners...is now ready for Hail Creek to be developed...sulphur content of Hail Creek's hard coking...managing director of Pacific Coal, Brian Horwood...
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...taken a 10% interest in the Hail Creek coal project in Central Queensland...the Rio Tinto subsidiary, Pacific Coal, said in Brisbane today, "Pacific Coal has always enjoyed excellent...vote of confidence for the Hail Creek Coal Project and the Australian...
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- Press release article from: Business Wire October 21, 1998 700+ words
...shareholders," Mr Clifford said. Pacific Coal already operates highly efficient...producing 16 million tonnes. Pacific Coal's Managing Director, Mr Brian...as well as the development of Hail Creek, Pacific Coal will go from two mines today...
- RIO UNIT OFFICIALLY OPENS NEW COKING COAL MINE IN QUEENSLAND.
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...Asia Pulse - Pacific Coal, a wholly...coal mine at Hail Creek, in central...new mine. "Hail Creek, along with extensions to Pacific Coal's Kestrel...customers, Hail Creek can deliver...is high." Pacific Coal managing director...
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