Bravus marks 10-million-tonne milestone

Bravus Mining and Resources is celebrating a 10 million-tonne milestone for thermal coal mined and railed for export from the Carmichael operation in Central Queensland. It covers the shipments sent during testing and commissioning of the mine’s export infrastructure and those tonnes railed to the port for export during the first year of mining operations. But the achievement has been dampened by a financial year loss, according to News Ltd reports that cite accounts showing a $132.8 million operating loss for the mine and a $16.7 million operating loss for transport arm Bowen Rail Company. Bravus Mining and Resources chief operating officer Mick Crowe described it the 10-million-tonne mark as a terrific milestone for the Bravus team, contracting partners, and supporters of the business. “It also shows clear delivery on the commitments we’ve made, particularly to people in north and central Queensland, and just how much the coal industry can contribute when the job is done well," he said. “We said at the outset of the Carmichael mine and rail project that we’d deliver more than 1500 direct jobs during the construction and testing and commissioning period. “We well and truly exceeded that with more than 2,600 people employed at the peak of construction and more than $2 billion paid to regional Queensland contractors and businesses. “That investment in jobs and contracts has flowed on in production and today we have more than 750 people working at Carmichael at any one time, with another third of that number on their operations swing." Mr Crowe said there was no question that Australian coal would continue to play a role in the global energy mix, alongside renewables. Bravus pointed to data from the World Coal Association showing 151GW of new coal-fired power is under construction in 16 countries and due to come online by 2026 (151GW is more than double all existing capacity in the Australian energy market). “We are already meeting the rising demand for thermal coal in our region with a product that not only has a lower emissions profile than coal supplied by international competitors, but one that is mined responsibly in a highly regulated environment with the right checks and balances in place," Mr Crowe said. “That’s good news for those nations trying to lift their citizens out of energy poverty, and it’s good news for regional Queensland and the thousands of people who want a job in mining or to supply to our industry.” Excavator shifting overburden at the Carmichael coal mine. Photo: Cameron Laird

Bravus marks 10-million-tonne milestone

Industry Queensland

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