May 04, 2018

More coal ground up for tender

More coal ground up for tender

Explorations rights are up for grabs for more than 540 square kilometres in the Bowen, Surat and Galilee basins.

Mines Minister Dr Anthony Lynham announced the latest exploration tender round this week.

“The Bowen and Surat basins are already strong coal-producing regions well supported by transport infrastructure, with the Bowen Basin containing almost all of Queensland’s hard coking coal for steel production,” he said.

“The strong turnaround in coal prices has seen renewed investment in the sector, including the reactivation of mines such as Blair Athol and the commencement of construction on the Byerwen coal mine.”

The six areas include:

  • four parcels covering 490sq km in the Bowen Basin providing opportunities for thermal coal and possible metallurgical or pulverised coal injection
  • one 19sq km area in the Surat Basin with potential for thermal coal
  • one 32sq km area within the undeveloped Galilee Basin.

The tender requires the companies to offer cash with their bid.

More at www.dnrme.qld.gov.au/resources-tenders

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