Tag: Winchester South

Whitehaven Coal is moving to the feasibility phase for its proposed Winchester South open-cut metallurgical coal mine, 30km south-east of Moranbah.

The company said the project was continuing to progress through the Queensland Government’s Coordinated Project approval process, with the draft Environmental Impact Statement (EIS) having been submitted to Queensland’s Office of Coordinator General in December.

Public notification was expected to commence in this quarter, it said.

Whitehaven Coal in late 2020 upgraded the resource for its Winchester South project

Whitehaven Coal has upgraded the resource for its Winchester South metallurgical coal project to more than one billion tonnes, with the planned mine now expected to have a throughput of up to 15Mtpa over more than 20 years.

The project, about 30km south-east of Moranbah, is expected to cost $980 million to bring online.

The company this month submitted the draft Environmental Impact Statement (EIS) as Winchester South continues to progress through the Queensland Government’s Coordinated Project approval process.

Whitehaven Coal managing director and chief executive officer Paul Flynn said the declaration of the maiden reserves and updated. . .

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Whitehaven Coal has indicated it will hold off any final investment decision on expansion projects including the $1 billion Winchester South project this year.

The planned open-cut metallurgical coal mine, 30km south-east of Moranbah, is Whitehaven’s first investment in Queensland.

In its latest quarterly report, Whitehaven said Winchester South was continuing to progress through the Queensland Government’s major project development process.

The maiden JORC Reserve estimate for the project s expected to be released this financial year.

It is among the company’s main development projects – along with the Narrabri Underground Mine Stage 3 Extension Project. . .

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Rio Tinto has reached a deal to sell its 80 per cent stake in the Kestrel underground coal mine in central Queensland for almost $3 billion ($US2.25 billion).

The binding agreement with a consortium of EMR Capital and PT Adaro Energy represents the company’s full exit from the Australian coal business.

It follows news of Glencore buying Rio Tinto’s majority stake in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2 per cent interest in the Valeria coal resource, for $2.2 billion (US$1.7 billion), as well as the. . .

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Whitehaven Coal will take on Rio Tinto's 75 per cent interest in the Winchester South coal development project, 30km south-east of Moranbah, for $200 million.

Total consideration is comprised of $150 million payable to Rio Tinto by Whitehaven on the date of completion and a further unconditional payment of $50 million payable 12 months after the date of completion.

The news comes after an announcement this week that Glencore is buying Rio Tinto’s majority stake in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2 per cent interest in the Valeria. . .

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