Stanmore Coal’s Range Project in Queensland is the only listed committed project, coming in at No. 20 on the list of the 20 most expensive resource projects in the country, with an indicative cost estimate of $599 million. An estimated start date for the project was not available.
Adani’s Carmichael Coal Project, which includes mine and rail, is the most expensive uncommitted project in Australia, estimated at $16,500 million. The Commonwealth Bank expects it to start up this year.
Waratah Coal’s China First, GVK-Hancock Coal’s Alpha Coal, GVK’s Kevin’s Corner and BHP Billiton Mitsubishi Alliance’s Red Hill Mining were the other thermal coal projects on the uncommitted list. Their cost estimates ranged from $3,000 million for Red Hill to $8,800 million for China First.
Alpha Coal and Kevin’s Corner are expected to begin in 2018 and 2019, respectively, while China First is expected sometime after 2018 and Red Hill no earlier than 2021, it said.
MacMines Austasia’s Project China Store in Queensland topped the list for Australia’s highest-cost publicly announced resource project, estimated at $5,000 million, with an estimated start-up date of 2018, the bank said.
Also on the list were the Queensland-based Wiggins Island Coal Terminal stages two and three, valued at $2,000 million, with no estimated start-up date given, and Baosteel Resource’s Talwood Coking Coal Project at $750 million.
For New South Wales, MACH Energy’s $2,000 million Mount Pleasant Project and POSCO’s $750 million Hume Coal Project were listed. Mount Pleasant is expected to start in 2019 while no date was given for the Hume Coal Project.
Résumé en français
De nombreux projets dans le charbon en Australie sont actuellement en attente d’une remontée des cours.
Ces projets représentent plus de 20 milliards de dollars d’investissement.
Illustration en vidéo
Source de l’information
Sujet et source de l’image
Sujet de l’image: Mine de charbon.
Source de l’image : Wikimedia Commons.