{"id":188482,"date":"2017-08-31T18:06:19","date_gmt":"2017-08-31T08:06:19","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=188482"},"modified":"2020-07-14T18:06:19","modified_gmt":"2020-07-14T08:06:19","slug":"moreton-aims-for-coal-in-2019","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2017\/08\/31\/moreton-aims-for-coal-in-2019\/","title":{"rendered":"Moreton Aims For Coal In 2019"},"content":{"rendered":"
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Moreton Resources executive chairman Jason Elks<\/figcaption><\/figure>\n

August 31, 2017<\/strong><\/p>\n

Potential investors have been told that Moreton Resources aims to extract its first coal from its Coolabunia coal mine in the last quarter of 2019.<\/p>\n

Executive chairman Jason Elks presented an update on the company’s activities at the Mining 2017 Resources Convention in Brisbane on Wednesday.<\/p>\n

The Moreton figures predicted 10Mt of coal a year could be extracted from the mine over the next 25 years, with a workforce of\u00a0 “400-600 in a skilled catchment”.<\/p>\n

Since the project’s pre-feasibility study was completed, the value of export thermal coal had doubled from the estimate of $50\/Mt to $103\/Mt; and the estimated output had risen 80 per cent from 5.5 Mtpa to 10 Mtpa.<\/p>\n

The conference was told the preferred route to get the coal to port was the Kingaroy-Theebine rail route, with potential southern routes now discarded.<\/p>\n

Mr Elks said the Environmental Impact Statement for the project was now 50 per cent complete (August 2017) with some sections 80 per cent complete.<\/strong><\/p>\n

The aim was to lodge a Draft EIS with the State Government before the end of this year.<\/p>\n

The conference was also told that there had been “comprehensive consultation” in the South Burnett about the project since 2014.<\/p>\n

They heard that a Galaxy Poll in 2016 had shown 62 per cent of region supports economic growth through a new mine, 79 per cent were keen for mine employment and 24 per cent were concerned about noise, dust and water contamination.<\/p>\n

Moreton aims to have its Mining Lease approval and finance in place before the fourth quarter of next year.<\/p>\n

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